Curo Group (NYSE:CURO) Releases Q2 2020 IntraDay Earnings Guidance

Curo Group (NYSE:CURO) issued an update on its second quarter 2020
IntraDay earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.40-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.36. The company issued revenue guidance of $180-190 million, compared to the consensus revenue estimate of $222.76 million.

NYSE CURO opened at $8.16 on Friday. The firm has a market cap of $332.84 million, a P/E ratio of 3.13 and a beta of 3.48. 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 stock’s 50-day moving average is $7.47 and its 200-day moving average is $8.95. Curo Group has a one year low of $3.43 and a one year high of $16.99.

Curo Group (NYSE:CURO) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.77 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 analyst estimates of $279.20 million. Curo Group had a return on equity of 228.06% and a net margin of 9.62%. Equities analysts anticipate that Curo Group will post 1.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Tuesday, May 12th. Curo Group’s dividend payout ratio is currently 8.30%.

A number of equities research analysts have recently commented on CURO shares. Credit Suisse Group dropped their price target on Curo Group from $15.00 to $14.00 and set an outperform rating on the stock in a research report on Monday, May 4th. Zacks Investment Research lowered Curo Group from a strong-buy rating to a hold rating in a research report on Wednesday, May 6th. Finally, ValuEngine lowered Curo Group from a sell rating to a strong sell rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $16.25.

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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Earnings History and Estimates for Curo Group (NYSE:CURO)

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