goeasy (TSE:GSY) Announces Earnings Results

goeasy (TSE:GSY) issued its earnings results on Tuesday. The company reported C($0.94) EPS for the quarter, FiscalAI reports. The company had revenue of C$371.65 million during the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%.

goeasy Stock Performance

TSE GSY traded up C$2.30 on Thursday, hitting C$39.91. The stock had a trading volume of 87,097 shares, compared to its average volume of 202,416. goeasy has a one year low of C$27.60 and a one year high of C$140.12. The company has a quick ratio of 28.46, a current ratio of 22.81 and a debt-to-equity ratio of 558.73. The stock has a market cap of C$639.92 million, a price-to-earnings ratio of -1.91, a P/E/G ratio of 0.84 and a beta of 1.29. The company’s 50-day moving average is C$43.57 and its two-hundred day moving average is C$52.78.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GSY shares. Raymond James Financial increased their price target on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets lowered goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price objective for the company. in a research report on Wednesday, July 29th. Jefferies Financial Group upped their price objective on goeasy from C$45.00 to C$51.00 in a research note on Monday, August 10th. Royal Bank Of Canada upped their price objective on goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. Finally, Desjardins lowered goeasy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$56.00 to C$44.00 in a research report on Wednesday. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of C$41.56.

Insider Activity at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of goeasy stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the sale, the insider owned 505 shares of the company’s stock, valued at approximately C$22,836.10. The trade was a 65.97% decrease in their ownership of the stock. Insiders have sold a total of 4,837 shares of company stock valued at $217,486 in the last quarter. 22.05% of the stock is currently owned by company insiders.

About goeasy

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.