Desjardins Analysts Lift Earnings Estimates for goeasy Ltd. (TSE:GSY)

goeasy Ltd. (TSE:GSY - Free Report) - Stock analysts at Desjardins lifted their FY2024 EPS estimates for goeasy in a report released on Wednesday, May 8th. Desjardins analyst G. Ho now forecasts that the company will post earnings per share of $17.27 for the year, up from their previous estimate of $16.55. Desjardins has a "Buy" rating and a $205.00 price objective on the stock. The consensus estimate for goeasy's current full-year earnings is $16.66 per share.

Several other research analysts also recently weighed in on GSY. CIBC upped their price target on goeasy from C$220.00 to C$230.00 and gave the stock an "outperform" rating in a research note on Wednesday. National Bankshares raised their target price on shares of goeasy from C$195.00 to C$210.00 and gave the company an "outperform" rating in a research note on Tuesday, April 30th. Scotiabank boosted their price target on shares of goeasy from C$190.00 to C$200.00 in a research note on Thursday. Raymond James raised their price objective on goeasy from C$200.00 to C$225.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, BMO Capital Markets boosted their target price on goeasy from C$192.00 to C$208.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$208.80.

goeasy Price Performance

goeasy stock traded down C$0.88 during mid-day trading on Friday, hitting C$178.25. The stock had a trading volume of 47,838 shares, compared to its average volume of 42,734. 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 firm's 50 day moving average is C$168.91 and its 200 day moving average is C$155.24. The firm has a market capitalization of C$2.96 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.84 and a beta of 1.97. goeasy has a one year low of C$101.34 and a one year high of C$192.08.

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

Insider Activity at goeasy

In related news, Director David Ingram sold 30,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. 22.18% of the stock is currently owned by insiders.

goeasy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, June 28th. goeasy's dividend payout ratio is currently 32.32%.

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.