Raymond James Lowers Earnings Estimates for Exchange Income

Exchange Income Co. (TSE:EIF) – Equities research analysts at Raymond James reduced their FY2025 EPS estimates for Exchange Income in a research note issued to investors on Wednesday, May 14th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $3.46 for the year, down from their previous estimate of $3.56. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Exchange Income from C$71.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Paradigm Capital set a C$69.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Scotiabank decreased their price target on shares of Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and an average price target of C$68.22.

Exchange Income Stock Up 0.5%

EIF opened at C$58.18 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$59.32. The company has a market capitalization of C$2.90 billion, a PE ratio of 22.79, a PEG ratio of 1.42 and a beta of 2.04. The firm’s 50 day simple moving average is C$50.82 and its two-hundred day simple moving average is C$53.52.

Insider Activity

In related news, Director Edward Warkentin bought 1,011 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of C$49.54 per share, with a total value of C$50,087.97. Also, Director Michael Pyle bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of C$50.26 per share, with a total value of C$201,052.00. Insiders have bought 30,311 shares of company stock worth $1,510,455 in the last three months. Company insiders own 6.44% of the company’s stock.

About Exchange Income

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.