Wall Street analysts predict that Curo Group Holdings Corp (NYSE:CURO) will report sales of $270.32 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Curo Group’s earnings, with estimates ranging from $262.20 million to $279.15 million. Curo Group reported sales of $248.98 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The company is scheduled to issue its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that Curo Group will report full year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts expect that the company will post sales of $1.28 billion, with estimates ranging from $1.27 billion to $1.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Curo Group.
Curo Group (NYSE:CURO) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. Curo Group had a negative net margin of 3.06% and a positive return on equity of 425.17%. The company had revenue of $277.94 million during the quarter, compared to analysts’ expectations of $274.86 million.
Several equities analysts have recently commented on CURO shares. Zacks Investment Research cut shares of Curo Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. William Blair reissued an “outperform” rating on shares of Curo Group in a report on Tuesday, January 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Curo Group currently has a consensus rating of “Buy” and an average target price of $31.00.
A number of hedge funds and other institutional investors have recently modified their holdings of CURO. Bank of New York Mellon Corp lifted its holdings in Curo Group by 16.9% in the third quarter. Bank of New York Mellon Corp now owns 84,342 shares of the company’s stock worth $2,549,000 after acquiring an additional 12,185 shares during the last quarter. BlackRock Inc. lifted its holdings in Curo Group by 40.4% in the third quarter. BlackRock Inc. now owns 791,600 shares of the company’s stock worth $23,929,000 after acquiring an additional 227,724 shares during the last quarter. Renaissance Technologies LLC bought a new position in Curo Group in the third quarter worth about $1,992,000. MetLife Investment Advisors LLC bought a new position in Curo Group in the third quarter worth about $271,000. Finally, Teachers Advisors LLC lifted its holdings in Curo Group by 78.0% in the third quarter. Teachers Advisors LLC now owns 21,987 shares of the company’s stock worth $665,000 after acquiring an additional 9,638 shares during the last quarter. 49.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CURO stock traded up $0.25 during trading hours on Friday, hitting $9.80. 154,999 shares of the company were exchanged, compared to its average volume of 227,798. The company has a debt-to-equity ratio of 20.91, a quick ratio of 2.97 and a current ratio of 2.97. Curo Group has a one year low of $8.73 and a one year high of $32.20. The stock has a market capitalization of $455.11 million, a price-to-earnings ratio of 5.66 and a beta of 3.74.
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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