Atb Cap Markets Predicts Exchange Income FY2024 Earnings

Exchange Income Co. (TSE:EIF) – Equities research analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for Exchange Income in a report issued on Sunday, November 10th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $3.01 per share for the year, down from their previous forecast of $3.04. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q4 2024 earnings at $0.87 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $0.97 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $1.51 EPS and Q3 2026 earnings at $1.93 EPS.

A number of other research firms have also issued reports on EIF. National Bankshares increased their target price on Exchange Income from C$61.00 to C$68.00 in a research note on Monday. ATB Capital boosted their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the company a “buy” rating in a report on Tuesday, November 5th. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday. Finally, CIBC upped their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exchange Income has an average rating of “Buy” and a consensus target price of C$67.61.

Exchange Income Stock Up 0.8 %

Shares of Exchange Income stock opened at C$55.55 on Tuesday. The company has a fifty day moving average price of C$52.64 and a 200 day moving average price of C$48.69. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$57.69. The stock has a market cap of C$2.64 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, October 31st. Exchange Income’s dividend payout ratio is presently 109.09%.

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.