goeasy ltd. (TSE:GSY) – Desjardins equity research analysts cut their FY2021 EPS estimates for goeasy shares in a research note released Wednesday, February 2. Desjardins analyst G. Ho now expects the company to post earnings per share of $10.32 for the year, down from his previous forecast of $10.39. Desjardins currently has a “Buy” rating and a price target of $202.00 on the stock. Desjardins also released goeasy earnings estimates for the fourth quarter of 2021 at $2.66 EPS.
GSY has been the subject of a number of other research reports. Scotiabank launched coverage on goeasy in a research note on Monday, November 29. They issued a “holding” rating and target price of C$206.00 for the company. National Bank Financial raised its price target on goeasy to C$220.00 and gave the stock an “outperform” rating in a Friday, Nov. 5 research note. BMO Capital Markets raised its target price on goeasy from C$207.00 to C$226.00 and gave the company an “na” rating in a Friday, Nov. 5 research note. Raymond James raised its price target on goeasy from C$182.00 to C$207.00 and gave the stock an “outperform” rating in a Friday, Nov. 5 research note. Finally, TD Securities reduced its target price on goeasy from C$260.00 to C$240.00 and set a “buy” rating for the stock in a Thursday, January 27 report. One research analyst gave the stock a hold rating and seven gave the company’s stock a buy rating. According to data from MarketBeat, goeasy currently has a consensus buy rating and a consensus target price of C$213.25.
goeasy stock opened at C$152.57 on Friday. The company has a 50-day simple moving average of C$168.42 and a 200-day simple moving average of C$182.29. goeasy has a 52-week low of C$100.28 and a 52-week high of C$218.35. The company has a quick ratio of 14.48, a current ratio of 14.55 and a leverage ratio of 185.54. The stock has a market cap of C$2.48 billion and a price-earnings ratio of 10.23. goeasy (TSE:GSY) last released its results on Wednesday November 3rd. The company reported earnings per share (EPS) of C$2.70 for the quarter, missing Thomson Reuters consensus estimate of C$2.79 by C$0.09. The company posted revenue of C$219.76 million in the quarter, while analysts had expected C$219.93 million.
The company also recently disclosed 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 a dividend of $2.64 on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, December 30. goeasy’s dividend payout ratio (DPR) is currently 16.29%.
In addition, director Susan Doniz bought 150 shares in a transaction dated Monday, November 29. The shares were acquired at an average cost of CA$187.44 per share, with a total value of CA$28,116.00. As a result of the purchase, the administrator now directly owns 1,850 shares of the company, valued at approximately C$346,764. Additionally, Director Karen Basian purchased 1,000 shares in a trade dated Monday, November 22. The shares were purchased at an average cost of CA$193.32 per share, for a total transaction of CA$193,318.00. Following the completion of the purchase, the director now owns 12,000 shares of the company, valued at C$2,319,816.
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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