FY2024 EPS Estimates for Extendicare Inc. (TSE:EXE) Lowered by Analyst

Extendicare Inc. (TSE:EXE – Get Rating) – Investment analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Extendicare in a research report issued to clients and investors on Monday, March 6th. National Bank Financial analyst T. Woolley now forecasts that the company will earn $0.34 per share for the year, down from their prior forecast of $0.45. The consensus estimate for Extendicare’s current full-year earnings is $0.23 per share.

EXE has been the subject of a number of other research reports. Royal Bank of Canada lowered their price objective on Extendicare from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Monday. National Bankshares lowered their price objective on Extendicare from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a report on Monday, January 30th.

Extendicare Stock Down 0.8 %

Shares of TSE:EXE opened at C$6.42 on Wednesday. Extendicare has a 52-week low of C$6.41 and a 52-week high of C$8.00. The stock has a market cap of C$543.97 million, a P/E ratio of -128.40 and a beta of 1.19. The business’s 50 day moving average is C$6.61 and its 200 day moving average is C$6.78. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 381.30.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Monday, February 27th. Extendicare’s payout ratio is currently -960.00%.

Extendicare Company Profile

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Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as contract and consulting services to third parties.