Raymond James Reiterates Outperform Rating for goeasy (TSE:GSY)

Raymond James reissued their outperform rating on shares of goeasy (TSE:GSY) in a report issued on Wednesday morning, BayStreet.CA reports. Raymond James currently has a C$73.00 target price on the stock. Raymond James also issued estimates for goeasy’s Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $5.22 EPS, Q2 2020 earnings at $1.64 EPS, Q3 2020 earnings at $1.76 EPS, FY2020 earnings at $6.92 EPS, Q1 2021 earnings at $2.04 EPS, Q2 2021 earnings at $1.99 EPS, Q3 2021 earnings at $2.16 EPS and FY2021 earnings at $8.40 EPS.

Several other analysts also recently issued reports on the company. National Bank Financial lifted their price target on goeasy from C$72.00 to C$75.00 and gave the company an outperform rating in a research note on Tuesday. TD Securities dropped their price target on goeasy from C$75.00 to C$74.00 and set a buy rating on the stock in a research note on Tuesday.

GSY opened at C$62.38 on Wednesday. The business’s 50-day moving average price is C$58.69 and its two-hundred day moving average price is C$54.08. goeasy has a 1 year low of C$30.42 and a 1 year high of C$64.86. The company has a market capitalization of $877.09 million and a price-to-earnings ratio of 13.21. The company has a debt-to-equity ratio of 229.94, a current ratio of 16.26 and a quick ratio of 16.18.

goeasy (TSE:GSY) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.24 by C$0.02. The firm had revenue of C$147.85 million during the quarter, compared to analyst estimates of C$147.73 million. Sell-side analysts anticipate that goeasy will post 5.2299999 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, September 26th. goeasy’s dividend payout ratio is currently 24.46%.

goeasy Company Profile

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits product, which offers road side assistance and a suite of other support services, as well as credit monitoring services.

Further Reading: Gross Domestic Product (GDP)

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