FY2023 EPS Estimates for Exchange Income Co. (TSE:EIF) Reduced by Analyst

Exchange Income Co. (TSE:EIF) – Equities researchers at Raymond James lowered their FY2023 EPS estimates for Exchange Income in a research note issued to investors on Monday, November 13th. Raymond James analyst S. Hansen now forecasts that the company will earn $3.52 per share for the year, down from their prior estimate of $3.71. The consensus estimate for Exchange Income’s current full-year earnings is $4.13 per share.

A number of other equities research analysts also recently weighed in on EIF. Cormark cut their price target on Exchange Income from C$66.00 to C$61.00 in a research note on Friday, November 10th. CIBC dropped their price objective on Exchange Income from C$64.50 to C$58.00 in a report on Tuesday. National Bankshares reduced their target price on shares of Exchange Income from C$65.00 to C$62.00 and set an “outperform” rating for the company in a research note on Monday. ATB Capital dropped their price target on shares of Exchange Income from C$66.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada reduced their price objective on shares of Exchange Income from C$71.00 to C$70.00 and set an “outperform” rating for the company in a research note on Friday, October 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and an average target price of C$63.56.

Exchange Income Price Performance

EIF opened at C$45.94 on Wednesday. The stock has a fifty day moving average price of C$44.92 and a 200 day moving average price of C$49.26. The company has a current ratio of 1.93, a quick ratio of 1.13 and a debt-to-equity ratio of 153.68. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$55.74. The stock has a market cap of C$2.14 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.42 and a beta of 2.06.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.21 per share. This represents a $2.52 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Monday, October 30th. Exchange Income’s dividend payout ratio is currently 94.74%.

Insider Activity at Exchange Income

In other news, Director Edward Warkentin bought 1,115 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of C$44.84 per share, with a total value of C$49,995.04. 6.40% of the stock is currently owned by company insiders.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, 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.