goeasy (TSE:GSY) Announces Quarterly Earnings Results

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

goeasy Price Performance

GSY stock traded up C$2.04 during midday trading on Thursday, reaching C$39.65. The company had a trading volume of 96,048 shares, compared to its average volume of 202,409. The company has a market capitalization of C$635.75 million, a price-to-earnings ratio of -1.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The stock has a 50 day moving average price of C$43.57 and a 200-day moving average price of C$52.78. goeasy has a 1-year low of C$27.60 and a 1-year high of C$140.12. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46.

Analysts Set New Price Targets

Several brokerages have weighed in on GSY. Desjardins cut shares of goeasy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$56.00 to C$44.00 in a research note on Wednesday. Jefferies Financial Group increased their target price on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. National Bank Financial raised their target price on shares of goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. Finally, Raymond James Financial lifted their price target on shares of goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a research report on Tuesday, July 21st. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of C$41.56.

Insider Transactions at goeasy

In other goeasy news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$44,270.38. Following the transaction, the insider directly owned 505 shares of the company’s stock, valued at C$22,836.10. This trade represents a 65.97% decrease in their position. Insiders have sold 4,837 shares of company stock worth $217,486 in the last 90 days. Corporate insiders own 22.05% of the company’s stock.

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.