Cormark Comments on goeasy Ltd’s Q3 2018 Earnings (GSY)
goeasy Ltd (TSE:GSY) – Equities researchers at Cormark reduced their Q3 2018 EPS estimates for goeasy in a research report issued on Wednesday, August 8th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their prior forecast of $1.08. Cormark also issued estimates for goeasy’s Q4 2018 earnings at $1.17 EPS and FY2018 earnings at $3.77 EPS.
A number of other research firms also recently commented on GSY. Raymond James boosted their price target on shares of goeasy from C$51.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Desjardins boosted their target price on shares of goeasy from C$48.00 to C$55.00 in a report on Thursday, August 9th. Finally, BMO Capital Markets boosted their target price on shares of goeasy from C$47.00 to C$60.00 in a report on Thursday, August 9th.
goeasy (TSE:GSY) last released its quarterly earnings results on Tuesday, August 7th. The company reported C$0.82 EPS for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.04. goeasy had a net margin of 4.94% and a return on equity of 9.52%. The company had revenue of C$123.34 million for the quarter, compared to the consensus estimate of C$121.55 million.
In related news, Director Sean Morrison sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of C$43.10, for a total value of C$43,100.00. Insiders sold a total of 3,100 shares of company stock worth $132,703 over the last quarter.
goeasy Ltd. provides goods and alternative financial services in Canada. It operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; and consumer loans and related financial services, such as loan protection plans, home and auto benefit plans, and credit monitoring services.
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