CURO Group (NYSE:CURO) Reports Quarterly Earnings, Beats Estimates by $0.04 EPS
CURO Group (NYSE: CURO – Get a rating) released its quarterly results on Monday. The company reported earnings per share (EPS) of $0.15 for the quarter, beating Thomson Reuters consensus estimate of $0.11 by $0.04, MarketWatch Earnings reports. The CURO Group achieved a net margin of 7.25% and a return on equity of 15.71%. During the same period last year, the company posted earnings per share of $0.64.
Shares of CURO Action opened at $11.70 on Tuesday. The CURO group has a one-year low of $10.56 and a one-year high of $20.10. The company’s 50-day moving average price is $12.37. The stock has a market capitalization of $470.81 million, a P/E ratio of 9.44 and a beta of 2.56. The company has a quick ratio of 5.07, a current ratio of 5.07 and a debt ratio of 12.14.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1. Investors of record on Friday, February 18 received a dividend of $0.11 per share. This represents an annualized dividend of $0.44 and a yield of 3.76%. The ex-dividend date was Thursday, February 17. The dividend payout ratio (DPR) of the CURO Group is 35.48%.
Hedge funds have recently changed their positions in the stock. JPMorgan Chase & Co. increased its position in CURO Group by 41.8% during the fourth quarter. JPMorgan Chase & Co. now owns 68,137 shares of the company valued at $1,090,000 after buying an additional 20,076 shares in the last quarter. Invesco Ltd. increased its position in CURO Group by 10.2% during the third quarter. Invesco Ltd. now owns 55,827 shares of the company valued at $968,000 after purchasing an additional 5,149 shares in the last quarter. Barclays PLC increased its position in the CURO Group by 115.9% during the 4th quarter. Barclays PLC now owns 29,189 shares in the company valued at $467,000 after buying an additional 15,670 shares in the last quarter. California State Teachers Retirement System increased its holdings of CURO Group stock by 138.9% during the 4th quarter. California State Teachers Retirement System now owns 27,096 shares of the company valued at $434,000 after acquiring 15,752 additional shares in the last quarter. Finally, Bank of America Corp DE increased its stake in CURO Group shares by 69.3% during the 4th quarter. Bank of America Corp DE now owns 19,873 shares of the company valued at $318,000 after acquiring 8,137 additional shares in the last quarter. 38.78% of the shares are currently held by institutional investors.
Separately, Zacks Investment Research downgraded CURO Group shares from a “strong buy” rating to a “hold” rating in a Wednesday, Jan. 19 research note.
About CURO Group (Get a rating)
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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