goeasy (TSE:GSY) Releases Quarterly Earnings Results

goeasy (TSE:GSY) announced its earnings results on Thursday. The company reported C$0.96 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$390.04 million during the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.

goeasy Trading Down 3.4%

GSY opened at C$46.96 on Friday. The stock’s fifty day moving average is C$44.37 and its two-hundred day moving average is C$59.96. The company has a market capitalization of C$752.96 million, a P/E ratio of -2.88, a PEG ratio of 0.84 and a beta of 1.39. goeasy has a 52 week low of C$27.60 and a 52 week high of C$216.50. The company has a quick ratio of 28.46, a current ratio of 28.22 and a debt-to-equity ratio of 599.13.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GSY shares. Raymond James Financial raised their price target on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 21st. BMO Capital Markets reduced their target price on goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. National Bank Financial increased their target price on goeasy from C$34.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Royal Bank Of Canada decreased their target price on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Finally, Desjardins lowered their target price on shares of goeasy from C$47.00 to C$38.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of C$37.89.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.