Curo Group Holdings Corp (CURO) Expected to Post Quarterly Sales of $299.89 Million

Wall Street brokerages expect that Curo Group Holdings Corp (NYSE:CURO) will announce sales of $299.89 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Curo Group’s earnings, with estimates ranging from $298.70 million to $300.79 million. Curo Group reported sales of $266.99 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The business is expected to announce its next earnings results on Thursday, February 7th.

On average, analysts expect that Curo Group will report full-year sales of $1.09 billion for the current financial year. For the next financial year, analysts forecast that the company will report sales of $1.24 billion, with estimates ranging from $1.22 billion to $1.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Curo Group.

Curo Group (NYSE:CURO) last issued its earnings results on Wednesday, October 24th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.27). The firm had revenue of $283.00 million during the quarter, compared to the consensus estimate of $277.27 million. Curo Group had a positive return on equity of 262.11% and a negative net margin of 0.13%.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Curo Group from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, September 5th. Stephens set a $38.00 price objective on shares of Curo Group and gave the company a “buy” rating in a report on Tuesday, September 25th. Finally, Credit Suisse Group increased their price objective on shares of Curo Group from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Curo Group currently has a consensus rating of “Buy” and an average price target of $29.00.

Curo Group stock traded up $0.18 during mid-day trading on Friday, hitting $13.76. The stock had a trading volume of 151,100 shares, compared to its average volume of 252,114. The company has a market capitalization of $624.59 million and a P/E ratio of 7.48. The company has a debt-to-equity ratio of 88.29, a quick ratio of 8.69 and a current ratio of 8.69. Curo Group has a one year low of $12.84 and a one year high of $32.20.

In other Curo Group news, EVP William C. Baker sold 56,844 shares of the stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $31.53, for a total transaction of $1,792,291.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 48.35% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Curo Group by 5.1% during the 2nd quarter. Northern Trust Corp now owns 83,793 shares of the company’s stock valued at $2,091,000 after buying an additional 4,074 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $239,000. Tower Research Capital LLC TRC purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $254,000. Rhumbline Advisers purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $263,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $271,000. Hedge funds and other institutional investors own 48.60% of the company’s stock.

About Curo Group

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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