Brokerages expect Curo Group Holdings Corp (NYSE:CURO) to announce earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Curo Group’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.50. The firm is expected to announce its next quarterly earnings report on Monday, October 29th.
According to Zacks, analysts expect that Curo Group will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.48. For the next fiscal year, analysts forecast that the company will report earnings of $3.46 per share, with EPS estimates ranging from $3.27 to $3.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Curo Group.
Curo Group (NYSE:CURO) last released its earnings results on Monday, July 30th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $248.98 million for the quarter, compared to analysts’ expectations of $238.73 million. Curo Group had a return on equity of 175.82% and a net margin of 5.94%.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group boosted their price target on shares of Curo Group from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded shares of Curo Group from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, September 5th. Finally, ValuEngine lowered shares of Curo Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Curo Group currently has a consensus rating of “Buy” and a consensus target price of $26.00.
Shares of CURO stock traded down $0.35 on Friday, reaching $30.35. 2,646 shares of the company were exchanged, compared to its average volume of 143,210. The stock has a market capitalization of $1.36 billion and a P/E ratio of 16.65. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 11.91. Curo Group has a 1 year low of $13.50 and a 1 year high of $32.10.
In related news, EVP Terry Gene Pittman sold 51,596 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $26.52, for a total transaction of $1,368,325.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 48.35% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CURO. Wells Fargo & Company MN acquired a new position in Curo Group in the 1st quarter valued at about $167,000. California State Teachers Retirement System acquired a new position in Curo Group in the 1st quarter valued at about $203,000. Prudential Financial Inc. acquired a new position in Curo Group in the 1st quarter valued at about $349,000. Schwab Charles Investment Management Inc. acquired a new position in Curo Group in the 1st quarter valued at about $538,000. Finally, GSA Capital Partners LLP acquired a new position in Curo Group in the 1st quarter valued at about $622,000. Hedge funds and other institutional investors own 45.99% of the company’s stock.
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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