Q1 2024 Earnings Estimate for goeasy Ltd. (TSE:GSY) Issued By Raymond James

goeasy Ltd. (TSE:GSY) – Analysts at Raymond James lowered their Q1 2024 EPS estimates for goeasy in a note issued to investors on Wednesday, April 24th. Raymond James analyst S. Boland now anticipates that the company will post earnings per share of $3.81 for the quarter, down from their prior estimate of $3.89. Raymond James currently has a “Outperform” 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. Raymond James also issued estimates for goeasy’s Q2 2024 earnings at $3.99 EPS, Q3 2024 earnings at $4.10 EPS, Q4 2024 earnings at $4.55 EPS, FY2024 earnings at $16.46 EPS, Q1 2025 earnings at $4.57 EPS, Q2 2025 earnings at $4.85 EPS, Q3 2025 earnings at $5.03 EPS, Q4 2025 earnings at $5.44 EPS and FY2025 earnings at $19.89 EPS.

A number of other research firms also recently commented on GSY. Desjardins lifted their price objective on shares of goeasy from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Monday. CIBC boosted their price target on shares of goeasy from C$175.00 to C$200.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Scotiabank boosted their price target on shares of goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. National Bankshares boosted their price target on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, BMO Capital Markets lifted their price objective on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$189.67.

goeasy Stock Performance

goeasy stock opened at C$176.00 on Thursday. The company has a market cap of C$2.93 billion, a PE ratio of 12.15, a P/E/G ratio of 0.84 and a beta of 2.03. The company has a fifty day moving average price of C$166.16 and a two-hundred day moving average price of C$149.74. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. goeasy has a 12 month low of C$87.00 and a 12 month high of C$180.10.

goeasy (TSE:GSY) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping 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 business had revenue of C$338.11 million during the quarter, compared to the consensus estimate of C$340.35 million.

Insiders Place Their Bets

In other goeasy news, Director David Ingram sold 30,000 shares of the business’s 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. 22.53% of the stock is owned by company insiders.

goeasy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a yield of 2.66%. goeasy’s payout ratio is 32.32%.

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.