ECN Capital Corp. (TSE:ECN – Free 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.
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
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.
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