Exchange Income (EIF) Set to Announce Earnings on Tuesday

Exchange Income (TSE:EIF) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.28 per share for the quarter.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, meeting the consensus estimate of C$0.70. The firm had revenue of C$656.68 million for the quarter, compared to analyst estimates of C$644.49 million. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%.

Exchange Income Price Performance

Exchange Income stock opened at C$46.77 on Tuesday. The firm has a market capitalization of C$2.21 billion, a P/E ratio of 17.65, a PEG ratio of 1.42 and a beta of 2.07. The business has a 50-day moving average of C$48.11 and a 200-day moving average of C$46.41. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 162.10. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$55.41.

Exchange Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Monday, April 29th. Exchange Income’s payout ratio is presently 99.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EIF. Raymond James boosted their price target on shares of Exchange Income from C$70.00 to C$73.00 and gave the company a “strong-buy” rating in a report on Monday, February 26th. TD Securities increased their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Canaccord Genuity Group boosted their price objective on Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research report on Monday, February 26th. ATB Capital raised their target price on shares of Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Scotiabank reduced their price target on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a report on Monday, January 22nd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exchange Income presently has an average rating of “Buy” and a consensus target price of C$63.94.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.