goeasy ltd. (TSE: GSY- Get a rating) – Cormark analysts cut their Q2 2022 earnings estimates for goeasy shares in a report released Tuesday, June 28. Cormark analyst J. Fenwick now expects the company to post earnings per share of $2.82 for the quarter, down from its previous estimate of $2.83. The consensus estimate of goeasy’s current annual earnings is $14.64 per share. Cormark also released estimates for goeasy Q3 2022 earnings at $3.15 EPS, Q4 2022 earnings at $3.54 EPS and full year 2022 earnings at $12.23 EPS. goeasy (TSE:GSY – Get a rating) last released its quarterly earnings data on Wednesday, May 11. The company reported EPS of C$2.72 for the quarter, missing analyst consensus estimates of C$2.78 by C$0.06. The company reported revenue of C$232.14 million for the quarter, compared to the consensus estimate of C$233.25 million.

Several other stock analysts also weighed in on GSY. TD Securities reduced its price target on goeasy shares from C$220.00 to C$215.00 and set a “buy” rating on the stock in a Friday, May 13 research report. CIBC cut its price target on goeasy shares from C$200.00 to C$180.00 and set an “outperform” rating for the stock in a Thursday, May 12 research report. Scotiabank cut its price target on goeasy shares from C$170.00 to C$160.00 in a Friday, May 13 research report. Raymond James raised his price target on goeasy shares from C$207.00 to C$213.00 and gave the company a “Strong Buy” rating in a Thursday, May 12 research report. Finally, National Bankshares reduced its price target on goeasy shares from C$220.00 to C$155.00 and set an “outperform” rating for the stock in a Thursday, May 12 research report. One equity research analyst gave the stock a hold rating, five gave the company a buy rating and one gave the company a strong buy rating. Based on MarketBeat data, the stock currently has an average “buy” rating and an average target price of C$196.25.

TSE GSY opened Wednesday at C$100.96. The company has a 50-day simple moving average of C$110.38 and a 200-day simple moving average of C$136.29. The company has a debt ratio of 240.20, a current ratio of 16.00 and a quick ratio of 15.94. The company has a market cap of C$1.60 billion and a price-to-earnings ratio of 11.18. goeasy has a 52 week low of C$95.00 and a 52 week high of C$218.35.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 8. Shareholders of record on Friday, July 8 will receive a dividend of $0.91 per share. The ex-dividend date is Thursday, June 23. This represents a dividend of $3.64 on an annualized basis and a yield of 3.61%. goeasy’s dividend payout rate is currently 32.00%.

About goeasy (Get a rating)

goeasy ltd. provides consumer leasing and loan services in Canada. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, real estate and car loans; point-of-sale and small business financing; and value-added services.

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