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

Exchange Income Co. (TSE:EIFFree Report) – 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.

Get Our Latest Stock Report on EIF

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

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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, Qu├ębec, New Brunswick, and Nova Scotia.

See Also

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

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