FY2023 Earnings Forecast for ECN Capital Corp. (TSE:ECN) Issued By Raymond James

ECN Capital Corp. (TSE:ECNFree Report) – Equities researchers at Raymond James reduced their FY2023 EPS estimates for ECN Capital in a research report issued on Tuesday, November 14th. Raymond James analyst S. Boland now expects that the company will post earnings of ($0.09) per share for the year, down from their prior forecast of ($0.05). The consensus estimate for ECN Capital’s current full-year earnings is $0.29 per share.

Several other research analysts have also issued reports on the company. BMO Capital Markets reduced their price target on ECN Capital from C$2.75 to C$2.60 and set a “market perform” rating on the stock in a research report on Wednesday. Royal Bank of Canada reduced their target price on ECN Capital from C$3.50 to C$2.75 and set a “sector perform” rating on the stock in a report on Tuesday, October 24th. National Bankshares lowered ECN Capital from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$3.50 to C$2.75 in a research report on Tuesday. TD Securities cut their price target on shares of ECN Capital from C$2.75 to C$2.50 and set a “hold” rating on the stock in a research report on Wednesday. Finally, National Bank Financial lowered shares of ECN Capital from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, ECN Capital has an average rating of “Hold” and an average price target of C$2.78.

View Our Latest Stock Analysis on ECN

ECN Capital Price Performance

ECN opened at C$2.10 on Friday. The company has a fifty day moving average price of C$2.25 and a two-hundred day moving average price of C$2.61. The firm has a market capitalization of C$586.59 million, a PE ratio of -7.24, a P/E/G ratio of 0.24 and a beta of 1.15. ECN Capital has a 52 week low of C$1.65 and a 52 week high of C$3.66. The company has a debt-to-equity ratio of 709.37, a quick ratio of 3.81 and a current ratio of 9.65.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, December 14th. ECN Capital’s dividend payout ratio (DPR) is presently -13.79%.

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson bought 250,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$522,750.00. In the last three months, insiders acquired 750,000 shares of company stock worth $1,656,475. 7.94% of the stock is owned by company insiders.

About ECN Capital

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ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.

See Also

Earnings History and Estimates for ECN Capital (TSE:ECN)

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