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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in CURO Group right now?
Before you consider CURO Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and CURO Group was not on the list.
Although CURO Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here