Zacks: Analysts Anticipate CURO Group Holdings Corp. (NYSE:CURO) to Announce $0.26 Earnings Per Share

Equities analysts forecast that CURO Group Holdings Corp. (NYSE:CUROGet Rating) will announce earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CURO Group’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.40. CURO Group reported earnings of $0.40 per share in the same quarter last year, which indicates a negative year over year growth rate of 35%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that CURO Group will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.72. For the next year, analysts anticipate that the company will post earnings of $3.28 per share, with EPS estimates ranging from $2.90 to $3.98. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow CURO Group.

CURO Group (NYSE:CUROGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). CURO Group had a return on equity of 3.11% and a net margin of 3.83%. The company had revenue of $290.20 million during the quarter, compared to analysts’ expectations of $270.53 million. During the same period in the previous year, the firm posted $0.64 EPS.

Separately, Zacks Investment Research lowered shares of CURO Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 9th.

Hedge funds have recently made changes to their positions in the company. First Quadrant LLC CA acquired a new position in shares of CURO Group during the 1st quarter valued at about $28,000. Citigroup Inc. lifted its position in CURO Group by 134.0% in the third quarter. Citigroup Inc. now owns 2,345 shares of the company’s stock valued at $41,000 after buying an additional 1,343 shares during the last quarter. Royal Bank of Canada lifted its position in CURO Group by 31.3% in the second quarter. Royal Bank of Canada now owns 3,442 shares of the company’s stock valued at $59,000 after buying an additional 820 shares during the last quarter. Acadian Asset Management LLC acquired a new position in CURO Group in the fourth quarter valued at about $69,000. Finally, BNP Paribas Arbitrage SA lifted its position in CURO Group by 377.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,515 shares of the company’s stock valued at $78,000 after buying an additional 3,570 shares during the last quarter. 38.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CURO Group stock traded up $0.02 during trading hours on Friday, reaching $8.20. 106,118 shares of the company’s stock were exchanged, compared to its average volume of 111,720. CURO Group has a 1 year low of $7.52 and a 1 year high of $20.10. The company has a market capitalization of $330.87 million, a P/E ratio of 12.06 and a beta of 2.56. The business has a fifty day moving average of $11.66 and a two-hundred day moving average of $14.28. The company has a quick ratio of 6.32, a current ratio of 6.32 and a debt-to-equity ratio of 13.68.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Tuesday, May 10th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Monday, May 9th. CURO Group’s payout ratio is 64.71%.

CURO Group Company Profile (Get Rating)

CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company 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, demand deposit accounts, credit protection insurance, retail installment sales, and money transfer services.

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

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