Exchange Income Co. (TSE:EIF) to Post FY2022 Earnings of $2.93 Per Share, Atb Cap Markets Forecasts

Exchange Income Co. (TSE:EIFGet Rating) – Investment analysts at Atb Cap Markets cut their FY2022 EPS estimates for Exchange Income in a report issued on Friday, November 11th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $2.93 per share for the year, down from their previous estimate of $3.30. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Exchange Income’s current full-year earnings is $4.11 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q3 2023 earnings at $1.43 EPS, Q1 2024 earnings at $0.85 EPS, Q2 2024 earnings at $1.32 EPS, Q3 2024 earnings at $1.60 EPS and FY2024 earnings at $4.76 EPS.

Exchange Income (TSE:EIFGet Rating) last released its earnings results on Thursday, August 11th. The company reported C$0.90 EPS for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.23. The firm had revenue of C$529.02 million during the quarter, compared to the consensus estimate of C$444.50 million.

A number of other research analysts have also recently commented on the company. TD Securities reduced their target price on Exchange Income from C$66.00 to C$63.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Royal Bank of Canada cut their price target on shares of Exchange Income from C$66.00 to C$61.00 in a research report on Monday, October 24th. National Bankshares upped their price target on shares of Exchange Income from C$59.00 to C$61.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Scotiabank upped their price target on shares of Exchange Income from C$56.00 to C$60.00 in a research report on Monday, August 15th. Finally, Cormark upped their price target on shares of Exchange Income from C$63.00 to C$64.00 in a research report on Friday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$60.60.

Exchange Income Stock Up 1.5 %

EIF opened at C$48.07 on Monday. The stock has a market cap of C$2.04 billion and a PE ratio of 18.35. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 175.76. Exchange Income has a 52 week low of C$37.79 and a 52 week high of C$51.56. The business’s fifty day simple moving average is C$45.16 and its 200 day simple moving average is C$45.05.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be issued a $0.21 dividend. The ex-dividend date is Friday, October 28th. This represents a $2.52 annualized dividend and a yield of 5.24%. Exchange Income’s dividend payout ratio (DPR) is presently 87.79%.

About Exchange Income

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Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.

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Earnings History and Estimates for Exchange Income (TSE:EIF)

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