goeasy ltd. (TSE:GSY) – Equity analysts Raymond James raised their first-quarter 2023 earnings per share (EPS) estimates for goeasy in a research note released Thursday, February 17. Raymond James analyst S. Boland now expects the company to earn $3.39 per share for the quarter, up from his previous forecast of $3.26. Raymond James has an “outperform” rating and a price target of $207.00 on the stock. Raymond James also released goeasy earnings estimates for Q2 2023 at $3.44 EPS, Q3 2023 earnings at $3.85 EPS, Q4 2023 earnings at $4.02 EPS, and Q4 2023 earnings at $4.02 EPS. fiscal 2023 at $14.71 EPS.
Several other stock analysts have also published reports on GSY. National Bank Financial raised its price target on goeasy to C$220.00 and gave the company an “outperform” rating in a Friday, Nov. 5 research note. TD Securities reduced its price target on goeasy from C$260.00 to C$240.00 and set a “buy” rating for the company in a Thursday, January 27 research note. BMO Capital Markets raised its price target on goeasy from C$207.00 to C$226.00 and gave the stock an “na” rating in a Friday, Nov. 5 research note. National Bankshares raised its price target on goeasy from C$196.00 to C$220.00 and gave the company an “outperform” rating in a Friday, Nov. 5, report. Finally, Scotiabank began covering goeasy in a report on Monday, November 29. They set a “holding” rating and price target of C$206.00 for the stock. One analyst rated the stock with a hold rating and six rated the stock with a buy rating. According to MarketBeat, the company currently has an average buy rating and consensus price target of CA$213.25.
TSE: GSY opened at CA$146.95 on Monday. The stock’s 50-day moving average is C$163.70 and its 200-day moving average is C$181.77. goeasy has a 1-year low of C$114.58 and a 1-year high of C$218.35. The stock has a market capitalization of C$2.38 billion and a P/E ratio of 9.85. The company has a current ratio of 14.55, a quick ratio of 14.48 and a debt ratio of 185.54.
Separately, director Susan Doniz acquired 150 shares of the company in a transaction on Monday, November 29. The shares were acquired at an average cost of CA$187.44 per share, for a total transaction of CA$28,116.00. Following completion of the transaction, the administrator now directly owns 1,850 shares of the company, valued at approximately C$346,764.
The company also recently declared a quarterly dividend, which was paid on Friday, January 14. Shareholders of record on Friday, January 14 received a dividend of $0.66 per share. This represents an annualized dividend of $2.64 and a yield of 1.80%. The ex-dividend date was Thursday, December 30. goeasy’s dividend payout rate is currently 17.70%.
goeasy ltd. provides loans and other financial services to consumers in Canada. It also rents household products to consumers. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, as well as secured savings loans; loan protection plans; and optional home and auto insurance products, which offer roadside assistance and a suite of other support services, as well as credit monitoring services.
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