goeasy ltd. (EAST: GSY – Get a rating) – Cormark equity research analysts have reduced their earnings per share (EPS) estimates for the fiscal year 2022 for goeasy in a research note published on Friday, November 11. Cormark analyst J. Fenwick now expects the company to earn $11.40 per share for the year, down from its previous estimate of $11.59. The consensus estimate of goeasy’s current annual earnings is $14.55 per share. Cormark also released estimates for goeasy Q4 2022 earnings at $2.90 EPS, Q1 2023 earnings at $3.30 EPS and Q2 2023 earnings at $3.38 EPS.
Several other research companies have also recently commented on GSY. National Bankshares raised its price target on goeasy from CA$155.00 to CA$170.00 and gave the company an “outperform” rating in a Thursday, August 11 research note. BMO Capital Markets raised its target price on goeasy shares from C$225.00 to C$234.00 in a Friday, August 12 report. CIBC raised its target price on goeasy shares from C$160.00 to C$180.00 and gave the company an “outperform” rating in a report released Friday. Raymond James raised his target price on goeasy shares from C$202.00 to C$205.00 and gave the company a “strong buy” rating in a report on Friday. Finally, Scotiabank raised its target price on goeasy shares from C$140.00 to C$160.00 in a Friday, August 12 report. One analyst gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat, the company has an average buy rating and a consensus target price of C$190.57.
easy stock opened at C$130.40 on Monday. goeasy has a 12-month low of C$95.00 and a 12-month high of C$199.56. The company has a current ratio of 28.55, a quick ratio of 28.46 and a debt ratio of 277.31. The company’s 50-day simple moving average is C$113.19 and its 200-day simple moving average is C$112.82. The company has a market cap of C$2.07 billion and a price-earnings ratio of 12.56.
goeasy announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 13. Shareholders of record on Friday, December 30 will receive a dividend of $0.91. The ex-dividend date is Thursday, December 29. This represents an annualized dividend of $3.64 and a dividend yield of 2.79%. goeasy’s payout rate is currently 30.25%.
goeasy ltd. provides consumer leasing and loan services in Canada. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, real estate and car loans; point-of-sale and small business financing; and value-added services.
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