Extendicare (EXETF) Projected to Post Quarterly Earnings on Thursday

Extendicare (OTCMKTS:EXETF) will likely be announcing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.1928 per share and revenue of $519.80 million for the quarter.

Extendicare Stock Down 1.0%

Shares of OTCMKTS EXETF opened at $17.95 on Friday. Extendicare has a 12 month low of $8.04 and a 12 month high of $18.36. The firm’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $13.41.

Extendicare Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.03 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 244.0%. Extendicare’s payout ratio is currently -185.01%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Securities reiterated a “hold” rating on shares of Extendicare in a research note on Friday, November 14th. Royal Bank Of Canada upgraded shares of Extendicare from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 4th. BMO Capital Markets raised shares of Extendicare from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Extendicare in a research report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Extendicare

Extendicare Inc (OTCMKTS:EXETF) is a Canada-based senior care provider headquartered in Markham, Ontario. The company specializes in the ownership and operation of long-term care homes, retirement residences and home health care services. It is publicly listed on the Toronto Stock Exchange under the symbol EXE and trades in the over-the-counter market as EXETF.

Extendicare’s operations are organized into two primary segments. The Long-Term Care & Retirement Living division operates approximately 120 facilities under the Extendicare and EspritVitalité banners, serving residents in Ontario, Alberta, Saskatchewan and parts of Atlantic Canada.