CURO Group (NYSE:CURO) Reports Results
The CURO Group (NYSE:CURO – Get Rating) released its quarterly results on Monday. The company reported EPS of $0.15 for the quarter, beating the consensus estimate of $0.12 by $0.03, MarketWatch Earnings reports. The CURO Group achieved a return on equity of 15.71% and a net margin of 7.25%. During the same period a year earlier, the company posted earnings per share of $0.64.
NYSE: CURO was down $1.25 during Tuesday trading hours, hitting $10.45. The company’s shares had a trading volume of 490 shares, compared to its average volume of 78,975. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt ratio of 12 ,14. The CURO group has a one-year low of $10.56 and a one-year high of $20.10. The company has a 50-day moving average of $12.37. The company has a market capitalization of $420.51 million, a P/E ratio of 9.44 and a beta of 2.56.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders 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 4.21%. The ex-dividend date was Thursday, February 17. The dividend payout ratio (DPR) of the CURO Group is currently 35.48%.
Separately, Zacks Investment Research downgraded CURO Group from a “Strong Buy” rating to a “Hold” rating in a Wednesday, January 19 research report.
Several hedge funds and other institutional investors have recently increased or reduced their stake in CURO. JPMorgan Chase & Co. increased its stake in CURO Group by 41.8% during the fourth quarter. JPMorgan Chase & Co. now owns 68,137 shares of the company worth $1,090,000 after acquiring an additional 20,076 shares during the period. Invesco Ltd. increased its holdings of CURO Group shares by 10.2% in Q3. Invesco Ltd. now owns 55,827 shares of the company valued at $968,000 after purchasing an additional 5,149 shares during the period. Barclays PLC increased its stake in CURO Group by 115.9% in the fourth quarter. Barclays PLC now owns 29,189 shares in the company valued at $467,000 after acquiring an additional 15,670 shares during the period. California State Teachers Retirement System increased its stake in CURO Group by 138.9% in the fourth quarter. California State Teachers Retirement System now owns 27,096 shares of the company valued at $434,000 after acquiring an additional 15,752 shares during the period. Finally, Bank of America Corp DE increased its position in CURO Group shares by 69.3% during the 4th quarter. Bank of America Corp DE now owns 19,873 shares of the company worth $318,000 after buying 8,137 additional shares in the last quarter. Institutional investors and hedge funds hold 38.78% of the company’s shares.
CURO Group Company Profile (Get an evaluation)
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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