Cormark Comments on goeasy Ltd’s Q3 2019 Earnings (TSE:GSY)

goeasy Ltd (TSE:GSY) – Equities researchers at Cormark reduced their Q3 2019 earnings per share (EPS) estimates for goeasy in a note issued to investors on Thursday, August 8th. Cormark analyst J. Fenwick now anticipates that the company will earn $1.38 per share for the quarter, down from their previous estimate of $1.43. Cormark also issued estimates for goeasy’s Q4 2019 earnings at $1.55 EPS and Q3 2020 earnings at $1.82 EPS.

Other equities research analysts also recently issued reports about the stock. Desjardins increased their price objective on shares of goeasy from C$57.00 to C$61.00 in a research report on Thursday, May 9th. TD Securities increased their price objective on shares of goeasy from C$69.00 to C$74.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. National Bank Financial reissued an “outperform” rating and issued a C$72.00 price objective on shares of goeasy in a research report on Friday, August 2nd. Raymond James set a C$64.00 price objective on shares of goeasy and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets increased their price objective on shares of goeasy from C$55.00 to C$60.00 in a research report on Thursday, May 9th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$65.67.



goeasy stock opened at C$54.22 on Monday. The firm has a market cap of $780.09 million and a price-to-earnings ratio of 13.64. goeasy has a 52-week low of C$30.42 and a 52-week high of C$59.81. The company has a debt-to-equity ratio of 244.20, a quick ratio of 16.48 and a current ratio of 16.60. The business’s 50 day simple moving average is C$54.21.

In other goeasy news, Director David Ingram sold 12,800 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$50.09, for a total value of C$641,210.88. Following the sale, the director now directly owns 448,701 shares of the company’s stock, valued at approximately C$22,477,497.11. Also, Senior Officer Jason Mullins sold 3,350 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$51.52, for a total transaction of C$172,598.70. Following the completion of the sale, the insider now directly owns 59,727 shares in the company, valued at C$3,077,254.49. Over the last three months, insiders sold 26,950 shares of company stock worth $1,353,890.

goeasy Company Profile

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits product, which offers road side assistance and a suite of other support services, as well as credit monitoring services.

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Earnings History and Estimates for goeasy (TSE:GSY)

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