goeasy (TSE:GSY) Posts Earnings Results

goeasy (TSE:GSY) posted its quarterly 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 return on equity of 37.13% and a negative net margin of 20.21%.

goeasy Price Performance

goeasy stock traded up C$2.19 during midday trading on Thursday, hitting C$39.80. 94,997 shares of the company’s stock were exchanged, compared to its average volume of 202,409. The company has a market cap of C$638.15 million, a P/E ratio of -1.91, a PEG ratio of 0.84 and a beta of 1.29. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81. The stock has a 50-day moving average price of C$43.57 and a two-hundred day moving average price of C$52.78. goeasy has a 52-week low of C$27.60 and a 52-week high of C$140.12.

Insider Buying and Selling at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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. Over the last 90 days, insiders sold 4,837 shares of company stock valued at $217,486. Company insiders own 22.05% of the company’s stock.

Analyst Ratings Changes

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

goeasy Company Profile

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.