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goeasy Ltd. (GSY.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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96.43-3.32 (-3.33%)
At close: 4:00PM EST
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Neutralpattern detected
Previous Close99.75
Open99.59
Bid96.27 x 0
Ask96.66 x 0
Day's Range95.41 - 99.59
52 Week Range21.08 - 107.89
Volume68,200
Avg. Volume66,938
Market Cap1.435B
Beta (5Y Monthly)1.91
PE Ratio (TTM)15.85
EPS (TTM)6.08
Earnings DateNov 04, 2020
Forward Dividend & Yield1.80 (1.80%)
Ex-Dividend DateDec 23, 2020
1y Target Est109.50
  • goeasy Ltd. Provides Update on Sale of Equity Interest in PayBright
    GlobeNewswire

    goeasy Ltd. Provides Update on Sale of Equity Interest in PayBright

    MISSISSAUGA, Ontario, Jan. 15, 2021 (GLOBE NEWSWIRE) -- goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, has provided an update to the previously announced sale of its minority equity interest in PayBright Inc. (“PayBright”) in connection with the sale of PayBright to Affirm Holdings Inc. (“Affirm”). Under the terms of the transaction, which closed on January 1, 2021, goeasy received i) total cash of C$23.0 million, excluding one-time expenses and closing adjustments, ii) 655,416 common shares of Affirm, and iii) 468,154 common shares of Affirm held in escrow and subject to forfeiture if certain PayBright revenue milestones are not met.Subsequent to the closing of the sale transaction, Affirm completed an initial public offering and its shares now trade on the Nasdaq Global Select Market under the symbol "AFRM". The equity consideration received by goeasy is subject to customary lock-up agreements in connection with Affirm’s initial public offering.As previously stated, goeasy will continue its commercial partnership with Affirm following the closing of the sale transaction.About goeasygoeasy Ltd., a Canadian company, headquartered in Mississauga, Ontario, provides non-prime leasing and lending services through its easyhome and easyfinancial divisions. With a wide variety of financial products and services including unsecured and secured instalment loans, goeasy aspires to help put Canadians on a path to a better financial future, as they rebuild their credit and graduate to prime lending. Customers can transact seamlessly with easyhome and easyfinancial through an omni-channel model that includes online and mobile, as well as over 400 leasing and lending locations across Canada supported by more than 2,000 employees. Throughout the company’s history, it has served over 1 million Canadians and originated $4.7 billion in loans, with one in three customers graduating to prime credit and 60% increasing their credit score within 12 months of borrowing.goeasy is the proud recipient of several awards including Waterstone Canada’s Most Admired Corporate Cultures, Glassdoor Top CEO Award, Achievers Top 50 Most Engaged Workplaces in North America, Greater Toronto Top Employers Award, the Digital Finance Institute’s Canada’s Top 50 FinTech Companies, ranking on the TSX30 and placing on the Report on Business ranking of Canada’s Top Growing Companies. The company and its employees believe strongly in giving back to the communities in which it operates and has raised over $3.5 million to support its long-standing partnerships with the Boys & Girls Clubs of Canada, Habitat for Humanity and many other local charities.goeasy Ltd.’s. common shares are listed on the TSX under the trading symbol “GSY”.  goeasy is rated BB- with a stable trend from S&P and Ba3 with a stable trend from Moody’s. Visit www.goeasy.com.Forward-Looking Statements This press release includes forward-looking statements about the Company. In certain cases, forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions, and/or can be identified by the use of words such as ‘expects’, ‘anticipates’, ‘intends’, ‘plans’, ‘believes’, ‘budgeted’, ‘estimates’, ‘forecasts’, ‘targets’ or negative versions thereof and similar expressions, and/or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements are based on certain factors and assumptions, including the expected value of the equity consideration to be received by the Company pursuant to the sale of the Company’s interest in PayBright, the expected growth, market conditions, results of operations and business prospects of each of PayBright and goeasy and are inherently subject to, among other things, risks, uncertainties and assumptions about each of PayBright’s and goeasy’s operations, economic factors and the industry generally, as well as those factors referred to in the Company’s most recent annual information form and interim and annual management discussion and analysis, as available on www.sedar.com, in each case in the section entitled “Risk Factors”. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those expressed or implied by forward-looking statements made by the Company. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward looking statements. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise, unless required by law.For further information contact:Jason Mullins President & Chief Executive Officer (905) 272-2788Farhan Ali Khan Senior Vice President, Corporate Development and Investor Relations (905) 272-2788

  • Why You Might Be Interested In goeasy Ltd. (TSE:GSY) For Its Upcoming Dividend
    Simply Wall St.

    Why You Might Be Interested In goeasy Ltd. (TSE:GSY) For Its Upcoming Dividend

    goeasy Ltd. ( TSE:GSY ) stock is about to trade ex-dividend in four days. If you purchase the stock on or after the...

  • goeasy Ltd. Announces Renewal of Normal Course Issuer Bid
    GlobeNewswire

    goeasy Ltd. Announces Renewal of Normal Course Issuer Bid

    MISSISSAUGA, Ontario, Dec. 16, 2020 (GLOBE NEWSWIRE) -- goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, announced today the acceptance by the Toronto Stock Exchange (the “TSX”) of goeasy’s notice of intention to renew its normal course issuer bid (the “NCIB”). Pursuant to the NCIB, goeasy may purchase for cancellation up to an aggregate of 1,079,703 common shares in the capital of the Company (the “Common Shares”), representing approximately 10% of goeasy’s public float. As at December 9, 2020, goeasy had 14,801,169 Common Shares issued and outstanding. Under the NCIB, goeasy may purchase up to 20,888 of its Common Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 83,554 Common Shares on the TSX for the six months ended November 30, 2020, other than block purchase exemptions. Purchases under the NCIB may commence on December 21, 2020 and continue until December 20, 2021 or such earlier date as goeasy completes its purchases pursuant to the NCIB.The NCIB will provide the Company with the flexibility to purchase Common Shares as part of its capital management strategy which is designed to maintain healthy capital ratios while balancing the objective of generating shareholder value.The NCIB will be conducted through the facilities of the TSX or alternative trading systems, if eligible, and the price that goeasy will pay for any Common Shares will be the market price prevailing at the time of purchase or such other price as may be permitted. Purchases under the NCIB will be made by means of open market transactions or other such means as a securities regulatory authority may permit, including pre-arranged crosses, exempt offers and private agreements under an issuer bid exemption order issued by a securities regulatory authority.In connection with the NCIB renewal, the Company also announces that it has entered into an issuer automatic purchase plan agreement (the “Plan”) with an independent designated broker (the “Broker”) responsible for making purchases of Common Shares pursuant to the Plan. Under the Plan, the Broker will have sole discretion to purchase Common Shares pursuant to the NCIB during trading black-out periods established under the Company’s Insider Trading Policy, subject to the price limitations and other terms of the Plan and the rules of the TSX. The Company may instruct the Broker to make specific purchases and suspend or terminate the Plan, provided in each case that the Company certifies to the Broker that it is not in possession of any material undisclosed information and such request is otherwise in compliance with the terms of the Plan.Under its current normal course issuer bid, which commenced on December 20, 2019 and expires on December 19, 2020, the number of Common Shares that could be repurchased for cancellation was 1,038,269. To date, the Company purchased for cancellation 767,855 Common Shares, through the facilities of the TSX, at a volume weighted average price of approximately $55.18 per Common Share.About goeasygoeasy Ltd., a Canadian company, headquartered in Mississauga, Ontario, provides non-prime leasing and lending services through its easyhome and easyfinancial divisions. With a wide variety of financial products and services including unsecured and secured instalment loans, goeasy aspires to help put Canadians on a path to a better financial future, as they rebuild their credit and graduate to prime lending. Customers can transact seamlessly with easyhome and easyfinancial through an omni-channel model that includes online and mobile, as well as over 400 leasing and lending locations across Canada supported by more than 2,000 employees. Throughout the company’s history, it has served over 1 million Canadians and originated $4.7 billion in loans, with one in three customers graduating to prime credit and 60% increasing their credit score within 12 months of borrowing.goeasy is the proud recipient of several awards including Waterstone Canada’s Most Admired Corporate Cultures, Glassdoor Top CEO Award, Achievers Top 50 Most Engaged Workplaces in North America, Greater Toronto Top Employers Award, the Digital Finance Institute’s Canada’s Top 50 FinTech Companies, ranking on the TSX30 and placing on the Report on Business ranking of Canada’s Top Growing Companies. The company and its employees believe strongly in giving back to the communities in which it operates and has raised over $3 million to support its long-standing partnerships with the Boys & Girls Clubs of Canada and Habitat for Humanity.goeasy Ltd.’s. common shares are listed on the TSX under the trading symbol “GSY”. goeasy is rated BB- with a stable trend from S&P and Ba3 with a stable trend from Moody’s. Visit www.goeasy.com.For further information contact:Jason Mullins President & Chief Executive Officer (905) 272-2788Farhan Ali Khan Senior Vice President, Corporate Development and Investor Relations (905) 272-2788