Cormark comments on goeasy Ltd.’s results in fiscal year 2021 (TSE: GSY)


goeasy Ltd. (TSE: GSY) – Cormark’s equity research analysts lowered their earnings per share estimates for FY2021 for goeasy stocks in a report released on Friday, November 5th. Cormark analyst J. Fenwick now expects the company to post earnings of $ 10.32 per share for the year, up from its previous estimate of $ 10.50. Cormark also estimated goeasy’s earnings at $ 3.41 EPS for the third quarter of 2022, at $ 3.43 EPS for the fourth quarter of 2022, at $ 3.78 EPS for the first quarter of 2023, and at $ 3.78 EPS for the second EPS fell to $ 3.85 in the first quarter of 2023, to $ 3.97 EPS in the third quarter of 2023, and to $ 15.59 EPS in FY2023. goeasy (TSE: GSY) last released its quarterly earnings data on Thursday, August 5th. The company reported earnings per share (EPS) for the quarter of $ 2.61, beating Zacks’ consensus estimate of $ 2.51 by $ 0.10. The company posted revenue of $ 202.36 million for the quarter, compared to analyst expectations of $ 197.30 million.

A number of other stock analysts recently released reports on the stock as well. Desjardins raised his target price for goeasy shares from 190.00 CAD to 202.00 CAD and rated the stock as a “Buy” in a report on Monday, October 18. National Bankshares raised its target price for goeasy shares from 196.00 CAD to 220.00 CAD and rated the share as “outperform” in a report on Friday. BMO Capital Markets raised its price target for goeasy shares from 207.00 CAD to 226.00 CAD and rated the stock with “na” in a report on Friday. TD Securities assumed coverage of goeasy in a research release on Wednesday October 20th. They set a “Buy” rating and a target price of $ 261.00 on the stock. Finally, Raymond James raised his target price at goeasy from 182.00 CAD to 207.00 CAD and rated the stock in a research note on Friday as “Outperform”. Seven investment analysts have given the share a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 217.29.

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GSY opens Monday at $ 182.90. The company has a Leverage Ratio of 209.59, a current value of 15.46, and a fast value of 15.40. The company has a market capitalization of $ 3.02 billion and a price / earnings ratio of 13.62. The company’s fifty-day moving average price is $ 198.61 and the 200-day moving average price is C $ 172.31. goeasy has a 1 year low of $ 78.00 and a 1 year high of $ 218.35.

The company also recently announced a quarterly dividend, which was paid on Friday, October 8th. Investors registered on Friday, October 8th, received a dividend of $ 0.66. This equates to an annual dividend of $ 2.64 and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, September 23rd. Goeasy’s payout ratio is currently 16.53%.

goeasy company profile

goeasy Ltd. provides credit and other financial services to consumers in Canada. It also rents household products to consumers. The company operates in two segments, Easyfinancial and Easyhome. The Easyfinancial segment offers unsecured and property-secured installment loans as well as secured savings loans; Loan protection plans; and an optional home and auto insurance product that provides roadside assistance and a range of other support services, as well as credit monitoring services.

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Earnings history and estimates for goeasy (TSE: GSY)

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