Desjardins Comments on goeasy’s FY2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Analysts at Desjardins cut their FY2024 earnings estimates for goeasy in a note issued to investors on Monday, January 27th. Desjardins analyst G. Ho now expects that the company will post earnings of $16.63 per share for the year, down from their previous forecast of $16.79. Desjardins currently has a “Buy” rating and a $210.00 price objective on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy’s Q4 2024 earnings at $4.38 EPS and FY2025 earnings at $19.74 EPS.

A number of other brokerages have also recently weighed in on GSY. National Bankshares boosted their price target on shares of goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Stock Performance

TSE:GSY opened at C$182.98 on Thursday. The company has a market cap of C$3.07 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a fifty day simple moving average of C$171.05 and a two-hundred day simple moving average of C$179.23. goeasy has a 52 week low of C$150.06 and a 52 week high of C$206.02. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$4.32 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $3.81 earnings per share.

Insiders Place Their Bets

In other goeasy news, Senior Officer Jason Mullins sold 2,500 shares of the company’s stock in a transaction 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. Also, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$172.62 per share, for a total transaction of C$526,491.00. 22.05% of the stock is currently owned by company insiders.

goeasy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a dividend of $1.17 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.56%. goeasy’s dividend payout ratio (DPR) is 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.