The CURO Group (CURO) will publish its results on Wednesday
CURO Group (NYSE:CURO – Get Rating) will announce its results after market close on Wednesday, November 2. Analysts expect the company to report earnings of $0.04 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
CURO Group (NYSE:CURO – Get Rating) last announced its results on Monday, August 8. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.03). The CURO Group posted a negative net margin of 9.30% and a negative return on equity of 15.53%. The company posted revenue of $304.40 million in the quarter, compared to $244.07 million expected by analysts. On average, analysts expect CURO Group to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Performance of CURO group shares
Shares of CURO Group opened at $4.56 on Wednesday. The CURO group has a fifty-two week minimum of $3.56 and a fifty-two week maximum of $20.10. The company’s 50-day simple moving average is $5.45 and its 200-day simple moving average is $7.13.
CURO Group announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26. Shareholders of record on Monday August 15 received a dividend of $0.11. The ex-dividend date was Friday, August 12. This represents an annualized dividend of $0.44 and a yield of 9.65%. The dividend payout ratio (DPR) of the CURO Group is -18.64%.
Institutional entries and exits
Hedge funds have recently been buying and selling shares of the company. Dimensional Fund Advisors LP increased its stake in CURO Group by 11.5% in Q1. Dimensional Fund Advisors LP now owns 350,180 shares of the company valued at $4,570,000 after purchasing an additional 36,022 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CURO Group by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 215,753 shares of the company valued at $2,816,000 after buying an additional 6,715 shares last quarter. State Street Corp increased its stake in CURO Group by 2.0% in the second quarter. State Street Corp now owns 385,553 shares of the company valued at $2,132,000 after purchasing an additional 7,381 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in CURO Group by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 158,558 shares of the company valued at $2,070,000 after purchasing an additional 10,083 shares last quarter. Finally, Northern Trust Corp increased its stake in CURO Group by 1.2% in the second quarter. Northern Trust Corp now owns 195,017 shares of the company valued at $1,079,000 after buying an additional 2,253 shares last quarter. 36.69% of the shares are currently held by hedge funds and other institutional investors.
Changes to analyst ratings
Several research firms have commented on CURO. Credit Suisse Group lowered its price target on CURO Group shares to $11.00 in a Thursday, October 13 research note. TheStreet downgraded shares of CURO Group from a “c” rating to a “d+” rating in a Thursday, August 25 research note. Finally, Jefferies Financial Group began covering CURO Group shares in a research note on Tuesday, July 26. They set a “buy” rating for the company.
About CURO Group
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CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.
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