Brokerages forecast that Curo Group Holdings Corp (NYSE:CURO) will post $232.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Curo Group’s earnings, with estimates ranging from $223.70 million to $240.75 million. Curo Group posted sales of $264.30 million during the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The company is expected to report its next earnings report on Monday, August 3rd.
On average, analysts expect that Curo Group will report full-year sales of $987.88 million for the current financial year, with estimates ranging from $948.70 million to $1.02 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.03 billion, with estimates ranging from $953.70 million to $1.12 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Curo Group.
Curo Group (NYSE:CURO) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.10). Curo Group had a return on equity of 228.06% and a net margin of 9.62%. The business had revenue of $280.81 million for the quarter, compared to analyst estimates of $279.20 million.
In other news, CFO Roger W. Dean bought 7,500 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $8.22 per share, with a total value of $61,650.00. Following the completion of the purchase, the chief financial officer now directly owns 327,184 shares of the company’s stock, valued at $2,689,452.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.54% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its stake in Curo Group by 74.2% during the first quarter. Invesco Ltd. now owns 99,459 shares of the company’s stock worth $527,000 after buying an additional 42,376 shares during the last quarter. Wells Fargo & Company MN raised its stake in Curo Group by 89.6% during the first quarter. Wells Fargo & Company MN now owns 69,217 shares of the company’s stock worth $367,000 after buying an additional 32,704 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Curo Group by 18.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 186,569 shares of the company’s stock worth $989,000 after buying an additional 29,531 shares during the last quarter. Alliancebernstein L.P. increased its stake in Curo Group by 165.0% in the first quarter. Alliancebernstein L.P. now owns 43,200 shares of the company’s stock valued at $229,000 after purchasing an additional 26,900 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Curo Group by 6.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,776 shares of the company’s stock valued at $158,000 after purchasing an additional 1,776 shares in the last quarter. 33.88% of the stock is owned by institutional investors and hedge funds.
Curo Group stock traded up $0.38 during trading hours on Wednesday, hitting $7.43. The company had a trading volume of 502,897 shares, compared to its average volume of 555,622. Curo Group has a one year low of $3.43 and a one year high of $16.99. The firm has a 50-day moving average of $6.49 and a 200 day moving average of $9.87. The firm has a market cap of $287.57 million, a PE ratio of 2.90 and a beta of 3.70. The company has a debt-to-equity ratio of 13.24, a current ratio of 3.58 and a quick ratio of 3.58.
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. The ex-dividend date is Tuesday, May 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.96%. Curo Group’s dividend payout ratio (DPR) is presently 8.30%.
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.
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