Q4 2023 EPS Estimates for Exchange Income Co. Cut by Analyst (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Analysts at Atb Cap Markets reduced their Q4 2023 earnings per share (EPS) estimates for Exchange Income in a report released on Sunday, November 12th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $0.68 per share for the quarter, down from their prior forecast of $0.89. The consensus estimate for Exchange Income’s current full-year earnings is $4.13 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q2 2024 earnings at $0.76 EPS, Q3 2024 earnings at $1.04 EPS, Q4 2024 earnings at $0.77 EPS, FY2024 earnings at $3.04 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $1.03 EPS and FY2025 earnings at $3.92 EPS.

Several other analysts have also recently commented on the stock. ATB Capital reduced their price objective on shares of Exchange Income from C$66.00 to C$60.00 and set an “outperform” rating for the company in a research note on Monday. Cormark reduced their price target on shares of Exchange Income from C$66.00 to C$61.00 in a research report on Friday, November 10th. National Bankshares lowered their price target on Exchange Income from C$65.00 to C$62.00 and set an “outperform” rating on the stock in a report on Monday. Royal Bank of Canada dropped their price objective on 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. Finally, TD Securities decreased their target price on Exchange Income from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research report on Monday. Six 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 currently has a consensus rating of “Buy” and an average price target of C$63.56.

Exchange Income Price Performance

Shares of TSE EIF opened at C$45.94 on Wednesday. The company has a debt-to-equity ratio of 153.68, a quick ratio of 1.13 and a current ratio of 1.93. Exchange Income has a one year low of C$42.05 and a one year high of C$55.74. The firm has a market capitalization of C$2.14 billion, a P/E ratio of 17.27, a PEG ratio of 1.42 and a beta of 2.06. The company’s fifty day moving average is C$44.92 and its two-hundred day moving average is C$49.26.

Insiders Place Their Bets

In related news, Director Edward Warkentin acquired 1,115 shares of Exchange Income stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of C$44.84 per share, for a total transaction of C$49,995.04. 6.40% of the stock is currently owned by company insiders.

Exchange Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.21 per share. This represents a $2.52 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Monday, October 30th. Exchange Income’s dividend payout ratio (DPR) is presently 94.74%.

About Exchange Income

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.