FY2024 Earnings Estimate for goeasy Ltd. (TSE:GSY) Issued By Cormark

goeasy Ltd. (TSE:GSY - Free Report) - Equities research analysts at Cormark increased their FY2024 earnings estimates for shares of goeasy in a report released on Thursday, April 18th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $16.88 per share for the year, up from their prior estimate of $16.82. Cormark currently has a "Buy" rating and a $200.00 target price on the stock. The consensus estimate for goeasy's current full-year earnings is $16.58 per share.

goeasy (TSE:GSY - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, beating analysts' consensus estimates of C$3.92 by C$0.09. goeasy had a net margin of 33.21% and a return on equity of 25.77%. The firm had revenue of C$338.11 million for the quarter, compared to analysts' expectations of C$340.35 million.

A number of other brokerages have also recently commented on GSY. BMO Capital Markets boosted their target price on shares of goeasy from C$187.00 to C$192.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price target on shares of goeasy from C$193.00 to C$195.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Desjardins upped their price target on shares of goeasy from C$165.00 to C$185.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Raymond James upped their price target on shares of goeasy from C$166.00 to C$200.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Finally, Scotiabank upped their price target on shares of goeasy from C$145.00 to C$170.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$189.11.

goeasy Stock Up 0.8 %

Shares of GSY stock traded up C$1.44 during mid-day trading on Friday, reaching C$173.43. 87,782 shares of the company's stock traded hands, compared to its average volume of 40,688. goeasy has a 12 month low of C$87.00 and a 12 month high of C$180.10. The company has a market cap of C$2.88 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.84 and a beta of 2.03. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. The company's 50-day moving average price is C$165.45 and its 200-day moving average price is C$148.02.

goeasy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.70%. This is a positive change from goeasy's previous quarterly dividend of $0.96. goeasy's dividend payout ratio is presently 32.32%.

Insider Activity

In other news, Director David Ingram sold 30,000 shares of the company's stock in a transaction dated 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. Insiders own 22.53% 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.