National Bank Financial Cuts Earnings Estimates for goeasy

goeasy Ltd. (TSE:GSY) – Stock analysts at National Bank Financial reduced their Q4 2024 earnings per share (EPS) estimates for shares of goeasy in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will earn $4.38 per share for the quarter, down from their prior forecast of $4.65. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. National Bank Financial also issued estimates for goeasy’s FY2025 earnings at $20.02 EPS and FY2026 earnings at $23.21 EPS.

A number of other equities analysts also recently commented on the company. National Bankshares lifted their price target on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Desjardins decreased their price target on goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price target on goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Stock Down 8.3 %

Shares of goeasy stock opened at C$162.18 on Tuesday. The business has a 50-day moving average of C$171.19 and a 200-day moving average of C$179.10. 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 capitalization of C$2.72 billion, a PE ratio of 10.55, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a 1-year low of C$151.80 and a 1-year high of C$206.02.

goeasy (TSE:GSY) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, topping analysts’ consensus estimates of C$4.16 by C$0.16. goeasy had a net margin of 33.40% and a return on equity of 25.28%. During the same quarter in the previous year, the business posted $3.81 earnings per share.

Insider Activity

In other news, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of C$172.62 per share, with a total value of C$526,491.00. Also, Senior Officer Jason Mullins sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total value of C$429,400.00. Corporate insiders own 22.05% of the company’s stock.

goeasy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a dividend of $1.17 per share. The ex-dividend date was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.89%. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

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.