Brokerages Anticipate Curo Group Holdings Corp (CURO) to Post $0.52 Earnings Per Share

Brokerages expect Curo Group Holdings Corp (NYSE:CURO) to post earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Curo Group’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.54. The business is scheduled to report its next quarterly earnings report on Monday, October 29th.

According to Zacks, analysts expect that Curo Group will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.39 to $2.50. For the next year, analysts forecast that the company will report earnings of $3.54 per share, with EPS estimates ranging from $3.27 to $3.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Curo Group.

Curo Group (NYSE:CURO) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $248.98 million during the quarter, compared to the consensus estimate of $238.73 million. Curo Group had a return on equity of 175.82% and a net margin of 5.94%.

A number of analysts have weighed in on CURO shares. Zacks Investment Research lowered Curo Group from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Stephens set a $38.00 target price on Curo Group and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Finally, Credit Suisse Group increased their target price on Curo Group from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Curo Group has a consensus rating of “Buy” and a consensus price target of $29.00.

In other news, EVP William C. Baker sold 56,844 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $31.53, for a total transaction of $1,792,291.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Terry Gene Pittman sold 51,596 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $26.52, for a total value of $1,368,325.92. The disclosure for this sale can be found here. Company insiders own 48.35% of the company’s stock.

Several institutional investors have recently made changes to their positions in CURO. Wells Fargo & Company MN purchased a new position in shares of Curo Group during the first quarter valued at $167,000. California State Teachers Retirement System purchased a new position in Curo Group in the first quarter valued at about $203,000. Prudential Financial Inc. purchased a new position in Curo Group in the first quarter valued at about $349,000. Schwab Charles Investment Management Inc. purchased a new position in Curo Group in the first quarter valued at about $538,000. Finally, GSA Capital Partners LLP purchased a new position in Curo Group in the first quarter valued at about $622,000. Hedge funds and other institutional investors own 45.99% of the company’s stock.

Shares of CURO opened at $26.09 on Wednesday. The firm has a market capitalization of $1.38 billion and a P/E ratio of 14.18. Curo Group has a 52-week low of $13.50 and a 52-week high of $32.20. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 11.91.

Curo Group Company Profile

CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.

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Earnings History and Estimates for Curo Group (NYSE:CURO)

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