Equities research analysts expect that Curo Group Holdings Corp (NYSE:CURO) will post sales of $277.27 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Curo Group’s earnings. The highest sales estimate is $281.10 million and the lowest is $274.25 million. The firm is scheduled to announce its next earnings report on Monday, October 29th.
According to Zacks, analysts expect that Curo Group will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.08 billion to $1.10 billion. For the next financial year, analysts forecast that the firm will report sales of $1.22 billion per share, with estimates ranging from $1.21 billion to $1.22 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Curo Group.
Curo Group (NYSE:CURO) last announced its quarterly earnings data on Monday, July 30th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The firm had revenue of $248.98 million for the quarter, compared to analysts’ expectations of $238.73 million. Curo Group had a net margin of 5.94% and a return on equity of 175.82%.
CURO has been the topic of a number of analyst reports. Credit Suisse Group lifted their price target on Curo Group from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Zacks Investment Research cut Curo Group from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Finally, ValuEngine cut Curo Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.00.
In other news, EVP Terry Gene Pittman sold 51,596 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $26.52, for a total transaction of $1,368,325.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 48.35% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Curo Group by 5.1% during the second quarter. Northern Trust Corp now owns 83,793 shares of the company’s stock valued at $2,091,000 after buying an additional 4,074 shares during the period. Wells Fargo & Company MN purchased a new position in shares of Curo Group during the first quarter valued at approximately $167,000. Martingale Asset Management L P increased its stake in shares of Curo Group by 25.9% during the second quarter. Martingale Asset Management L P now owns 53,048 shares of the company’s stock valued at $1,324,000 after buying an additional 10,900 shares during the period. California State Teachers Retirement System purchased a new position in shares of Curo Group during the first quarter valued at approximately $203,000. Finally, Laurion Capital Management LP increased its stake in shares of Curo Group by 35.8% during the second quarter. Laurion Capital Management LP now owns 72,775 shares of the company’s stock valued at $1,816,000 after buying an additional 19,175 shares during the period. 45.99% of the stock is currently owned by hedge funds and other institutional investors.
Curo Group stock traded down $0.35 during trading hours on Tuesday, reaching $30.35. The company had a trading volume of 2,646 shares, compared to its average volume of 143,210. The company has a debt-to-equity ratio of 11.91, a current ratio of 5.35 and a quick ratio of 5.35. The stock has a market capitalization of $1.36 billion and a P/E ratio of 16.65. Curo Group has a 12-month low of $13.50 and a 12-month high of $32.10.
Curo Group Company Profile
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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