Equities Analysts Issue Forecasts for goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY) – Equities research analysts at Desjardins lifted their FY2024 earnings estimates for shares of goeasy in a report released on Sunday, November 10th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $16.79 for the year, up from their prior estimate of $16.61. Desjardins currently has a “Buy” rating and a $210.00 target price on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy’s Q4 2024 earnings at $4.54 EPS.

Several other research analysts also recently issued reports on the stock. Scotiabank upped their price target on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. BMO Capital Markets upped their target price on goeasy from C$202.00 to C$207.00 in a report on Monday. Finally, National Bankshares lifted their price target on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$219.89.

goeasy Price Performance

Shares of TSE:GSY opened at C$173.74 on Wednesday. goeasy has a one year low of C$121.49 and a one year high of C$206.02. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The company has a market cap of C$2.92 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.84 and a beta of 1.87. The firm has a 50 day simple moving average of C$179.60 and a 200 day simple moving average of C$184.04.

goeasy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a dividend of $1.17 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.69%. goeasy’s dividend payout ratio (DPR) is 30.45%.

Insider Buying and Selling

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of goeasy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total value of C$316,051.56. 22.05% of the stock is owned by insiders.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.