CURO Group Holdings Corp. (NYSE:CURO – Get Rating) declared a dividend on Monday, May 2, Fidelity reports. Shareholders of record on Tuesday, May 10 will receive a dividend of 0.11 per share on Monday, May 23. The ex-dividend date is Monday, May 9.
The CURO Group has a payout ratio of 12.1%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect CURO Group to earn $3.35 per share next year, meaning the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 13.1%.
Shares of CURO Group opened at $10.10 on Wednesday. The stock’s fifty-day simple moving average is $12.31. The company has a market capitalization of $406.42 million, a price-earnings ratio of 14.85 and a beta of 2.56. The CURO group has a 12 month minimum of $9.87 and a 12 month maximum of $20.10. The company has a quick ratio of 5.07, a current ratio of 5.07 and a debt ratio of 12.14.
CURO Group (NYSE:CURO – Get Rating) last released its quarterly results on Monday, May 2. The company reported EPS of $0.15 for the quarter, beating the Zacks consensus estimate of $0.12 by $0.03. The CURO Group achieved a return on equity of 15.71% and a net margin of 7.25%. In the same quarter last year, the company achieved EPS of $0.64. On average, research analysts expect CURO Group to post an EPS of 1.65 for the current financial year.
Hedge funds and other institutional investors have recently changed their positions in the company. Royal Bank of Canada increased its stake in CURO Group by 31.3% during the second quarter. Royal Bank of Canada now owns 3,442 shares of the company worth $59,000 after buying 820 more shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in CURO Group by 377.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,515 shares in the company worth $78,000 after purchasing an additional 3,570 shares in the last quarter. Citigroup Inc. increased its stake in CURO Group by 128.3% during the fourth quarter. Citigroup Inc. now owns 5,354 shares of the company worth $86,000 after buying 3,009 additional shares in the last quarter. Legal & General Group Plc increased its stake in CURO Group by 158.3% during the fourth quarter. Legal & General Group Plc now owns 5,465 shares in the company worth $87,000 after buying 3,349 more shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in CURO Group during the third quarter at a value of approximately $180,000. Institutional investors hold 38.78% of the company’s shares.
Separately, Zacks Investment Research downgraded CURO Group from a “Strong Buy” rating to a “Hold” rating in a Wednesday, January 19 research report.
CURO Group Company Profile (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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