Q3 2024 EPS Estimates for ECN Capital Corp. Lowered by Analyst (TSE:ECN)

ECN Capital Corp. (TSE:ECN) – Equities researchers at Raymond James decreased their Q3 2024 earnings per share estimates for shares of ECN Capital in a report released on Sunday, May 12th. Raymond James analyst S. Boland now expects that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for ECN Capital’s current full-year earnings is $0.17 per share. Raymond James also issued estimates for ECN Capital’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.21 EPS.

ECN Capital (TSE:ECN) last released its quarterly earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The company had revenue of C$34.84 million during the quarter, compared to analysts’ expectations of C$56.43 million.

ECN has been the subject of several other reports. Royal Bank of Canada lowered their target price on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. CIBC raised their target price on shares of ECN Capital from C$1.90 to C$2.00 in a report on Friday, May 10th. TD Securities lowered their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a “hold” rating for the company in a report on Friday, May 3rd. BMO Capital Markets reduced their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a report on Tuesday, March 26th. Finally, National Bankshares dropped their target price on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating on the stock in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$2.36.

ECN Capital Price Performance

Shares of ECN opened at C$1.90 on Tuesday. The company has a market cap of C$531.91 million, a P/E ratio of -3.11, a PEG ratio of 0.24 and a beta of 1.22. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The firm’s 50 day moving average price is C$2.01 and its 200 day moving average price is C$2.40.

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.04 annualized dividend and a yield of 2.11%. ECN Capital’s dividend payout ratio is presently -6.56%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson bought 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of C$1.89 per share, with a total value of C$377,400.00. Over the last 90 days, insiders have bought 400,100 shares of company stock valued at $721,019. 18.43% of the stock is currently owned by insiders.

ECN Capital Company Profile

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