EPS of $0.26 expected for CURO Group Holdings Corp. (NYSE:CURO) this quarter
Stock analysts predict that CURO Group Holdings Corp. (NYSE:CURO- Get a rating) will report earnings of $0.26 per share for the current quarter, according to Zacks. Three analysts released CURO Group earnings estimates, with the highest EPS estimate at $0.40 and the lowest estimate at $0.11. CURO Group reported earnings per share of $0.40 in the same quarter last year, suggesting a negative 35% year-over-year growth rate. The company is due to release its next results on Monday, January 1.
According to Zacks, analysts expect CURO Group to report annual earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.72. For next year, analysts expect the company to post earnings of $3.30 per share, with EPS estimates ranging from $2.90 to $3.98. Zacks earnings per share averages are an average average based on a survey of sell-side analysts who provide coverage for the CURO Group.
CURO Group (NYSE: CURO – Get a rating) last released its quarterly earnings data on Monday, May 2. The company reported earnings per share of $0.08 for the quarter, missing analyst consensus estimates of $0.11 per ($0.03). The CURO Group achieved a net margin of 3.83% and a return on equity of 3.11%. The company posted revenue of $290.20 million for the quarter, versus a consensus estimate of $270.53 million. In the same quarter of the previous year, the company had earned earnings per share of $0.64.
Several analysts have released reports on CURO shares. Credit Suisse Group cut its price target on CURO Group to $19.00 and set an “outperform” rating on the stock in a Friday, May 20 report. Zacks Investment Research upgraded CURO Group from a “hold” rating to a “strong sell” rating in a Monday, May 9 research note.
Shares of CURO Group opened at $8.29 on Friday. The company has a current ratio of 6.32, a quick ratio of 6.32 and a debt ratio of 13.68. The company’s 50-day moving average price is $10.93 and its two-hundred-day moving average price is $13.70. The CURO group has a 52-week low of $7.52 and a 52-week high of $20.10. The stock has a market capitalization of $334.49 million, a PE ratio of 12.19 and a beta of 2.56.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 23. Investors of record on Tuesday, May 10 received a dividend of $0.11 per share. This represents an annualized dividend of $0.44 and a yield of 5.31%. The ex-dividend date was Monday, May 9. The payout ratio of the CURO Group is currently 64.71%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CURO. Empyrean Capital Partners LP increased its stake in CURO Group shares by 4.5% during the third quarter. Empyrean Capital Partners LP now owns 2,790,658 shares of the company worth $48,362,000 after purchasing an additional 118,918 shares in the last quarter. OCO Capital Partners LP increased its stake in CURO Group shares by 2.3% during the third quarter. OCO Capital Partners LP now owns 2,225,000 shares of the company valued at $38,559,000 after purchasing an additional 50,000 shares last quarter. BlackRock Inc. increased its stake in CURO Group shares by 5.8% during the 4th quarter. BlackRock Inc. now owns 1,409,824 shares of the company valued at $22,571,000 after purchasing an additional 77,191 shares last quarter. Vanguard Group Inc. increased its equity stake in CURO Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,114,930 shares of the company valued at $14,550,000 after purchasing an additional 13,438 shares last quarter. Finally, Russell Investments Group Ltd. increased its stake in CURO Group shares by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,041,352 shares of the company valued at $16,669,000 after purchasing an additional 22,011 shares last quarter. Hedge funds and other institutional investors hold 38.78% of the company’s shares.
About the 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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