CURO Group (NYSE:CURO) Issues Q3 2021 Earnings Guidance

CURO Group (NYSE:CURO) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.080-$0.120 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.180. The company issued revenue guidance of $205 million-$207 million, compared to the consensus revenue estimate of $212.69 million.CURO Group also updated its FY 2023 guidance to $3.000-$ EPS.

Shares of CURO Group stock opened at $18.02 on Thursday. The firm has a fifty day moving average of $16.82 and a two-hundred day moving average of $16.12. The stock has a market capitalization of $746.57 million, a price-to-earnings ratio of 14.24 and a beta of 2.87. CURO Group has a 52 week low of $7.32 and a 52 week high of $20.81. The company has a debt-to-equity ratio of 3.82, a quick ratio of 5.05 and a current ratio of 5.05.

CURO Group (NYSE:CURO) last issued its earnings results on Tuesday, July 27th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.22 by $0.18. CURO Group had a net margin of 19.21% and a return on equity of 33.91%. The company had revenue of $187.69 million during the quarter, compared to analysts’ expectations of $187.00 million. As a group, research analysts forecast that CURO Group will post 1.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Investors of record on Monday, August 9th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, August 6th. CURO Group’s dividend payout ratio is currently 28.95%.

A number of equities analysts recently weighed in on CURO shares. Credit Suisse Group reduced their target price on shares of CURO Group from $27.00 to $26.00 and set an outperform rating for the company in a research note on Friday, July 30th. Jefferies Financial Group reaffirmed a buy rating and issued a $25.00 target price on shares of CURO Group in a research note on Wednesday, September 29th. Finally, Zacks Investment Research raised shares of CURO Group from a sell rating to a hold rating in a research note on Friday, August 13th.

In other news, Director Michael Mcknight sold 36,176 shares of the stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $16.52, for a total transaction of $597,627.52. Following the completion of the transaction, the director now directly owns 43,098 shares in the company, valued at approximately $711,978.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders sold 68,521 shares of company stock valued at $1,140,702. Company insiders own 52.19% of the company’s stock.

A hedge fund recently raised its stake in CURO Group stock. Royal Bank of Canada lifted its holdings in shares of CURO Group Holdings Corp. (NYSE:CURO) by 31.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,442 shares of the company’s stock after buying an additional 820 shares during the period. Royal Bank of Canada’s holdings in CURO Group were worth $59,000 at the end of the most recent quarter. Institutional investors and hedge funds own 37.37% of the company’s stock.

About CURO Group

CURO Group Holdings Corp. is a consumer finance company, which engages in the provision of services and lending products for under banked consumers. The firm operates through the following segments: United States, Canada, and the United Kingdom. The United States segment operates the Speedy Cash, Rapid Cash, and Avio Credit brands.

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

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