Wall Street brokerages predict that Curo Group Holdings Corp (NYSE:CURO) will report sales of $232.90 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Curo Group’s earnings. The highest sales estimate is $240.75 million and the lowest is $223.70 million. Curo Group posted sales of $264.30 million during the same quarter last year, which would indicate a negative year over year growth rate of 11.9%. The company is scheduled to report its next earnings results on Monday, August 3rd.
According to Zacks, analysts expect that Curo Group will report full-year sales of $987.88 million for the current fiscal year, with estimates ranging from $948.70 million to $1.02 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.03 billion, with estimates ranging from $953.70 million to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Curo Group.
Curo Group (NYSE:CURO) last released its earnings results on Thursday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.10). The business had revenue of $280.81 million for the quarter, compared to analysts’ expectations of $279.20 million. Curo Group had a return on equity of 228.06% and a net margin of 9.62%.
CURO traded down $0.23 during trading on Wednesday, reaching $6.62. The company’s stock had a trading volume of 399,854 shares, compared to its average volume of 984,689. The company has a market cap of $279.41 million, a price-to-earnings ratio of 2.62 and a beta of 3.70. The firm has a fifty day simple moving average of $6.31 and a two-hundred day simple moving average of $10.02. Curo Group has a 1 year low of $3.43 and a 1 year high of $16.99. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 13.24.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Tuesday, May 12th. Curo Group’s dividend payout ratio is presently 8.30%.
In related news, CFO Roger W. Dean purchased 7,500 shares of the company’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $8.22 per share, for a total transaction of $61,650.00. Following the completion of the transaction, the chief financial officer now directly owns 327,184 shares in the company, valued at $2,689,452.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 44.54% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in CURO. State Street Corp boosted its holdings in shares of Curo Group by 47.6% in the third quarter. State Street Corp now owns 293,210 shares of the company’s stock valued at $3,894,000 after acquiring an additional 94,517 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in Curo Group by 195.5% in the 4th quarter. Virginia Retirement Systems ET AL now owns 39,000 shares of the company’s stock valued at $475,000 after purchasing an additional 25,800 shares in the last quarter. California Public Employees Retirement System acquired a new stake in Curo Group during the fourth quarter worth approximately $216,000. First Quadrant L P CA acquired a new stake in shares of Curo Group during the fourth quarter worth $734,000. Finally, Denali Advisors LLC purchased a new stake in Curo Group in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.
About Curo Group
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.
Further Reading: Gross Domestic Product (GDP)
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