Stock analysts predict that CURO Group Holdings Corp. (NYSE:CURO – get rating) will report earnings of $0.26 per share for the current quarter, according to Zacks. Three analysts have issued estimates for CURO Group’s earnings, with the highest EPS estimate at $0.40 and the lowest estimate at $0.11. CURO Group reported earnings per share of $0.40 during the same quarter last year, which would suggest a negative 35% year-over-year growth rate. The company is scheduled to report its next earnings results on Monday, January 1.
According to Zacks, analysts expect CURO Group to report full-year 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 a median average based on a survey of sell-side analysts who provide coverage for CURO Group.
CURO Group (NYSE:CURO – get rating) last issued 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). Grupo CURO obtained a net margin of 3.83% and a return on equity of 3.11%. The company had revenue of $290.20 million in the quarter, compared to the consensus estimate of $270.53 million. During the same quarter of the prior year, the company earned $0.64 of earnings per share.
Various analysts have issued reports on CURO’s shares. Credit Suisse Group cut its price target on CURO Group to $19.00 and set an “outperform” rating on the stock in a report on Friday, May 20. Zacks Investment Research cut CURO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 9.
CURO Group shares opened at $8.29 on Friday. The company has a current ratio of 6.32, a quick ratio of 6.32, and a debt-to-equity ratio of 13.68. The company’s 50-day moving average price is $10.93 and its 200-day moving average price is $13.70. CURO Group has a 52-week minimum of $7.52 and a 52-week maximum 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, May 23. Investors registered 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 of this dividend was Monday, May 9. CURO Group’s payout rate is currently 64.71%.
Several hedge funds and other institutional investors have recently bought and sold shares of CURO. Empyrean Capital Partners LP increased its holding in CURO Group stock 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 during the last quarter. OCO Capital Partners LP increased its holding in CURO Group stock 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 stock by 5.8% during the fourth quarter. BlackRock Inc. now owns 1,409,824 shares of the company valued at $22,571,000 after buying an additional 77,191 shares last quarter. Vanguard Group Inc. increased its holdings in CURO Group stock by 1.2% during the first 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 holding in CURO Group shares by 2.2% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 38.78% of the company’s shares.
About CURO Group (get rating)
CURO Group Holdings Corp., along with its subsidiaries, offers consumer financing products in the United States and Canada. The company offers unsecured installment loans, secured installment loans, open-ended loans, and lump-sum loans, as well as complementary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection, retail installment sales. and money transfer services.
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