Exchange Income FY2024 EPS Estimate Decreased by Cormark

Exchange Income Co. (TSE:EIF) – Stock analysts at Cormark dropped their FY2024 earnings per share (EPS) estimates for Exchange Income in a research note issued on Monday, November 11th. Cormark analyst J. Fenwick now anticipates that the company will earn $3.21 per share for the year, down from their previous forecast of $3.29. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Cormark also issued estimates for Exchange Income’s FY2025 earnings at $4.22 EPS.

Several other analysts also recently weighed in on the company. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. TD Securities reduced their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. ATB Capital upped their price target 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. CIBC lifted 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 report on Monday, August 12th. Finally, Royal Bank of Canada upped their target price on Exchange Income from C$65.00 to C$71.00 in a report on Thursday. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$68.28.

Exchange Income Trading Up 0.7 %

Shares of TSE EIF opened at C$56.48 on Wednesday. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$57.69. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The business has a fifty day simple moving average of C$52.92 and a two-hundred day simple moving average of C$48.82. The firm has a market cap of C$2.68 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.67%. Exchange Income’s dividend payout ratio (DPR) is 109.09%.

Exchange Income Company Profile

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.