Analysts expect that Curo Group Holdings Corp (NYSE:CURO) will post sales of $299.78 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Curo Group’s earnings, with estimates ranging from $298.30 million to $302.66 million. Curo Group reported sales of $283.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Curo Group will report full year sales of $1.16 billion for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $1.25 billion, with estimates ranging from $1.22 billion to $1.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Curo Group.
Curo Group (NYSE:CURO) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. Curo Group had a positive return on equity of 429.23% and a negative net margin of 2.94%. The business had revenue of $264.30 million for the quarter, compared to analyst estimates of $270.32 million.
A number of equities analysts recently commented on the stock. ValuEngine upgraded shares of Curo Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Buckingham Research assumed coverage on shares of Curo Group in a research note on Tuesday, August 13th. They set a “buy” rating and a $19.00 target price for the company. Zacks Investment Research upgraded shares of Curo Group from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, August 2nd. Finally, Credit Suisse Group boosted their target price on shares of Curo Group from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $22.75.
Shares of Curo Group stock traded down $0.07 during trading hours on Tuesday, reaching $15.33. 12,533 shares of the company were exchanged, compared to its average volume of 192,779. Curo Group has a 1 year low of $8.73 and a 1 year high of $32.20. The stock’s fifty day moving average is $13.21 and its 200 day moving average is $11.23. The company has a debt-to-equity ratio of 13.39, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a market cap of $687.16 million, a PE ratio of 8.98 and a beta of 3.63.
Large investors have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. raised its holdings in shares of Curo Group by 4.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 1,231,351 shares of the company’s stock valued at $12,350,000 after buying an additional 47,298 shares during the last quarter. JBF Capital Inc. raised its holdings in Curo Group by 27.3% during the second quarter. JBF Capital Inc. now owns 52,200 shares of the company’s stock worth $577,000 after purchasing an additional 11,200 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Curo Group by 312.4% during the second quarter. Acadian Asset Management LLC now owns 109,051 shares of the company’s stock worth $1,206,000 after purchasing an additional 82,610 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Curo Group by 105.6% during the second quarter. GSA Capital Partners LLP now owns 25,156 shares of the company’s stock worth $278,000 after purchasing an additional 12,918 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Curo Group by 3,582.4% during the first quarter. BNP Paribas Arbitrage SA now owns 2,504 shares of the company’s stock worth $25,000 after purchasing an additional 2,436 shares in the last quarter. 49.91% of the stock is owned by institutional investors and hedge funds.
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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