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

goeasy Ltd. (TSE:GSY) – Equities researchers at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of goeasy in a note issued to investors on Tuesday, January 28th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $16.49 per share for the year, down from their previous estimate of $16.79. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Raymond James also issued estimates for goeasy’s Q4 2024 earnings at $4.47 EPS, Q1 2025 earnings at $4.68 EPS and Q2 2025 earnings at $4.79 EPS.

goeasy (TSE:GSY) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share (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 quarter in the previous year, the firm earned $3.81 EPS.

GSY has been the topic of a number of other research reports. Desjardins cut their price objective on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. National Bankshares upped their price target on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price objective on goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, goeasy currently has an average rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Price Performance

Shares of GSY opened at C$184.11 on Thursday. The company has a market cap of C$3.09 billion, a P/E ratio of 11.98, a PEG ratio of 0.84 and a beta of 1.87. goeasy has a fifty-two week low of C$150.21 and a fifty-two 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. The firm’s 50 day moving average price is C$171.31 and its 200 day moving average price is C$179.26.

Insider Transactions at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$171.76, for a total transaction of C$429,400.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total transaction of C$316,051.56. Corporate insiders own 22.05% of the company’s stock.

goeasy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a $1.17 dividend. The ex-dividend date was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.54%. goeasy’s payout ratio is currently 30.45%.

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.