Curo Group Holdings Corp (NYSE:CURO) Expected to Post Quarterly Sales of $299.78 Million
Brokerages expect Curo Group Holdings Corp (NYSE:CURO) to announce $299.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Curo Group’s earnings. The lowest sales estimate is $298.30 million and the highest is $302.66 million. Curo Group reported sales of $283.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The business is scheduled to issue its next earnings results on Wednesday, October 23rd.
On average, analysts expect that Curo Group will report full year sales of $1.16 billion for the current fiscal year. For the next fiscal year, analysts expect that the company will report sales of $1.25 billion, with estimates ranging from $1.22 billion to $1.27 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Curo Group.
Curo Group (NYSE:CURO) last released its earnings results on Monday, July 29th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.09. The firm had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $270.32 million. Curo Group had a positive return on equity of 429.23% and a negative net margin of 2.94%.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position 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 during the period. Quantamental Technologies LLC bought a new position in shares of Curo Group in the second quarter worth approximately $28,000. Bank of Montreal Can grew its holdings in shares of Curo Group by 367.7% in the second quarter. Bank of Montreal Can now owns 3,124 shares of the company’s stock worth $34,000 after purchasing an additional 2,456 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Curo Group by 12.1% in the fourth quarter. Squarepoint Ops LLC now owns 17,747 shares of the company’s stock worth $168,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Curo Group by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 17,159 shares of the company’s stock worth $190,000 after purchasing an additional 2,096 shares during the last quarter. 49.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Curo Group stock traded up $0.86 during midday trading on Friday, hitting $14.20. 4,944 shares of the company traded hands, compared to its average volume of 323,161. The stock has a market cap of $597.53 million, a price-to-earnings ratio of 8.18 and a beta of 3.72. 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’s fifty day moving average price is $11.64 and its 200-day moving average price is $10.90. Curo Group has a 12 month low of $8.73 and a 12 month high of $32.20.
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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