goeasy Ltd. (TSE:GSY) Plans $1.17 Quarterly Dividend

goeasy Ltd. (TSE:GSY) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 1.17 per share on Friday, July 12th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, June 28th.

goeasy Price Performance

GSY traded down C$8.48 during midday trading on Thursday, hitting C$182.12. The stock had a trading volume of 59,044 shares, compared to its average volume of 41,969. goeasy has a 1 year low of C$100.03 and a 1 year high of C$192.08. The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62. The business has a fifty day moving average of C$168.49 and a 200 day moving average of C$154.58. The company has a market cap of C$3.03 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97.

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.92 by C$0.09. The firm had revenue of C$338.11 million during the quarter, compared to analyst estimates of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%. As a group, equities analysts forecast that goeasy will post 16.6561044 earnings per share for the current fiscal year.

Insider Buying and Selling at goeasy

In other goeasy news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. Insiders own 22.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GSY. CIBC lifted their price objective on goeasy from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a report on Wednesday. Desjardins lifted their price target on goeasy from C$190.00 to C$205.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James boosted their price objective on goeasy from C$200.00 to C$225.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank raised their target price on shares of goeasy from C$183.00 to C$190.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada increased their price target on shares of goeasy from C$201.00 to C$225.00 and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$206.20.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.