Wall Street analysts expect CURO Group Holdings Corp. (NYSE: CURO – Get a rating) will post sales of $270.53 million for the current quarter, according to Zacks Investment Research. Three analysts provided CURO Group earnings estimates, with the highest sales estimate at $295.00 million and the lowest estimate at $227.90 million. The CURO Group recorded sales of $196.60 million in the same quarter last year, which would indicate a positive growth rate of 37.6% year-over-year. The company is expected to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect CURO Group to report annual sales of $1.20 billion for the current fiscal year, with estimates ranging from $1.02 billion to $1.33 billion. . For next year, analysts expect the company to post sales of $1.43 billion, with estimates ranging from $1.22 billion to $1.61 billion. Zacks Investment Research’s Sell Averages are an average based on a survey of sell-side research analysts who track the CURO Group.
CURO Group (NYSE: CURO – Get a rating) last reported results on Tuesday, February 8. The company reported ($0.39) earnings per share for the quarter, beating analyst consensus estimates of ($0.42) by $0.03. The company posted revenue of $224.32 million for the quarter, versus analyst estimates of $221.96 million. The CURO Group achieved a return on equity of 15.71% and a net margin of 7.25%. In the same quarter last year, the company posted earnings per share of $0.14.
Several equity analysts have recently published reports on the stock. Credit Suisse Group cut its price target on CURO Group shares from $29.00 to $26.00 and set an “outperform” rating on the stock in a Thursday, Dec. 30 report. Zacks Investment Research downgraded CURO Group from a “strong buy” rating to a “hold” rating in a Wednesday, Jan. 19 research note. Finally, Jefferies Financial Group took over coverage of the CURO Group in a Thursday, Dec. 30 research note. They issued a “buy” rating and a price target of $25.00 for the company.
A number of institutional investors and hedge funds have recently increased or reduced their stake in CURO. Royal Bank of Canada increased its stake in CURO Group shares by 31.3% in the second quarter. Royal Bank of Canada now owns 3,442 shares of the company valued at $59,000 after buying 820 more shares in the last quarter. Wells Fargo & Company MN increased its position in CURO Group by 17.2% during the second quarter. Wells Fargo & Company MN now owns 103,120 shares of the company worth $1,753,000 after purchasing an additional 15,098 shares in the last quarter. SG Americas Securities LLC acquired a new stake in CURO Group during the third quarter at a value of $126,000. Barclays PLC increased its stake in CURO Group shares by 93.0% in the third quarter. Barclays PLC now owns 13,519 shares in the company worth $234,000 after acquiring 6,513 additional shares in the last quarter. Finally, Citigroup Inc. increased its equity stake in CURO Group by 134.0% in the third quarter. Citigroup Inc. now owns 2,345 shares of the company worth $41,000 after acquiring 1,343 additional shares in the last quarter. 38.78% of the shares are currently held by institutional investors.
CURO Action opened at $12.26 on Monday. The company has a market capitalization of $493.37 million, a P/E ratio of 9.89 and a beta of 2.67. The company has a debt ratio of 12.14, a current ratio of 5.07 and a quick ratio of 5.07. The company has a 50-day moving average price of $12.81. The CURO group has a 1-year low of $11.53 and a 1-year high of $20.10.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Friday, February 18 received a dividend of $0.11 per share. This represents an annualized dividend of $0.44 and a dividend yield of 3.59%. The ex-dividend date was Thursday, February 17. The dividend payout ratio (DPR) of the CURO Group is currently 35.48%.
About CURO Group (Get a rating)
CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.
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