CURO Group Holdings Corp. (NYSE:CURO – Get Rating) – Research analysts at Jefferies Financial Group lowered their Q1 2023 earnings estimates for shares of CURO Group in a report released on Tuesday, January 10th. Jefferies Financial Group analyst J. Hecht now forecasts that the company will post earnings per share of $0.20 for the quarter, down from their prior estimate of $0.25. The consensus estimate for CURO Group's current full-year earnings is ($0.92) per share. Jefferies Financial Group also issued estimates for CURO Group's Q3 2023 earnings at $0.19 EPS, Q1 2024 earnings at $0.70 EPS, Q2 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.66 EPS and FY2024 earnings at $1.78 EPS.
Get CURO Group alerts:CURO Group (NYSE:CURO – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.29). CURO Group had a negative return on equity of 29.48% and a negative net margin of 2.71%. The firm had revenue of $214.12 million for the quarter, compared to analysts' expectations of $220.83 million.
CURO has been the topic of several other reports. Credit Suisse Group dropped their price target on CURO Group from $11.00 to $8.50 and set an "outperform" rating on the stock in a research report on Thursday, November 3rd. Janney Montgomery Scott lowered shares of CURO Group from a "buy" rating to a "neutral" rating in a report on Thursday, November 3rd.CURO Group Price Performance
CURO opened at $4.47 on Thursday. The company has a debt-to-equity ratio of 19.68, a quick ratio of 10.73 and a current ratio of 10.73. The company has a market capitalization of $180.97 million, a P/E ratio of -6.30 and a beta of 2.61. CURO Group has a 1-year low of $2.96 and a 1-year high of $17.12. The company has a 50-day moving average of $3.49 and a 200-day moving average of $5.06.
Institutional Investors Weigh In On CURO Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Key Colony Management LLC acquired a new stake in shares of CURO Group in the 3rd quarter worth about $879,000. Vanguard Group Inc. grew its holdings in CURO Group by 11.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,224,085 shares of the company's stock worth $4,907,000 after buying an additional 129,003 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in CURO Group in the 2nd quarter valued at approximately $457,000. Exchange Traded Concepts LLC bought a new stake in CURO Group during the 2nd quarter valued at $404,000. Finally, Long Focus Capital Management LLC boosted its position in CURO Group by 7.0% during the 3rd quarter. Long Focus Capital Management LLC now owns 918,784 shares of the company's stock worth $3,684,000 after acquiring an additional 60,000 shares during the period. 34.85% of the stock is currently owned by institutional investors.
CURO Group Company Profile
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CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company 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, demand deposit accounts, credit protection insurance, retail installment sales, and money transfer services.
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