goeasy ltd (TSE:GSY – Get Rating) – Equity researchers at Desjardins lowered their estimates of earnings per share for the third quarter of 2022 for goeasy in a note issued to investors on Wednesday, October 19. Desjardins analyst G. Ho now expects the company to report earnings per share of $2.79 for the quarter, down from a previous forecast of $2.95. The consensus estimate for goeasy’s current full-year earnings is $14.98 per share.
A number of other research firms also recently commented on GSY. Raymond James lowered his price target on Goeasy to $202.00 from $213.00 and gave the stock a “strong buy” rating in a research report on Friday, July 8. National Bankshares raised their price target on goeasy to $170.00 from $155.00 and gave the stock an outperform rating in a report on Thursday, August 11. TD Securities raised its price target on goeasy to $200.00 from $195.00 and gave the stock a “buy” rating in a report on Friday, August 12. Scotiabank raised its target price on Goeasy to $160.00 from $140.00 in a report on Friday, August 12. Finally, BMO Capital Markets raised its price target on Goeasy to $234.00 from $225.00 on Friday, August 12th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “buy” and a consensus price target of $195.14.
Goeasy Trading Down 2.0%
TSE GSY opened at CAD$103.87 on Friday. The stock’s 50-day simple moving average is $118.87 and the 200-day simple moving average is $114.32. goeasy has a 12 month low of C$95.00 and a 12 month high of C$206.06. The company has a quick ratio of 25.67, a current ratio of 25.76 and a debt to equity ratio of 261.22. The company has a market capitalization of CA$1.65 billion and a price-to-earnings ratio of 10.01.
goeasy (TSE:GSY – Get Rating) last released its quarterly results on Wednesday, August 10th. The company reported earnings per share of $2.83 for the quarter, beating the analyst consensus estimate of $2.74 by $0.09. The company posted revenue of CA$251.65 million for the quarter, compared to analyst expectations of CA$247.13 million.
goeasy dividend announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record were paid a dividend of $0.91 on Friday September 30th. The ex-dividend date was Thursday September 29th. That equates to an annualized dividend of $3.64 and a dividend yield of 3.50%. The payout ratio of goeasy is currently 30.25%.
goeasy ltd provides non-prime leasing and credit services to consumers in Canada. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment offers unsecured and mortgage-backed installment loans; personal loans, home equity loans and auto loans; point of sale and small business financing; and value-added services.
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