Raymond James Research Analysts Boost Earnings Estimates for goeasy Ltd. (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Research analysts at Raymond James upped their Q3 2024 earnings per share (EPS) estimates for shares of goeasy in a report released on Tuesday, May 7th. Raymond James analyst S. Boland now expects that the company will post earnings of $4.22 per share for the quarter, up from their previous estimate of $4.10. Raymond James has a “Outperform” rating and a $225.00 price objective on the stock. The consensus estimate for goeasy’s current full-year earnings is $16.66 per share. Raymond James also issued estimates for goeasy’s Q4 2024 earnings at $4.67 EPS, FY2024 earnings at $16.55 EPS, Q1 2025 earnings at $4.61 EPS, Q3 2025 earnings at $5.07 EPS, Q4 2025 earnings at $5.57 EPS and FY2025 earnings at $20.07 EPS.

goeasy (TSE:GSY) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.92 by C$0.09. The firm had revenue of C$338.11 million during the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a return on equity of 25.77% and a net margin of 33.21%.

A number of other equities research analysts have also issued reports on the company. Colliers Securities upped their target price on goeasy from C$200.00 to C$220.00 in a research note on Wednesday. Desjardins raised their price target on shares of goeasy from C$190.00 to C$205.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC raised their target price on shares of goeasy from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank increased their price target on goeasy from C$190.00 to C$200.00 in a research note on Thursday. Finally, Royal Bank of Canada lifted their price objective on goeasy from C$201.00 to C$225.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$208.80.

goeasy Stock Performance

Shares of GSY opened at C$179.13 on Friday. goeasy has a 12-month low of C$100.03 and a 12-month high of C$192.08. The stock has a market cap of C$2.98 billion, a P/E ratio of 12.37, a PEG ratio of 0.84 and a beta of 1.97. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25. The company has a 50-day moving average of C$168.74 and a two-hundred day moving average of C$154.75.

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $1.17 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.68 annualized dividend and a yield of 2.61%. goeasy’s dividend payout ratio is presently 32.32%.

Insider Transactions at goeasy

In related news, Director David Ingram sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. Company insiders own 22.18% of the company’s stock.

goeasy Company Profile

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.