Exchange Income FY2024 EPS Forecast Cut by Ventum Cap Mkts

Exchange Income Co. (TSE:EIF) – Analysts at Ventum Cap Mkts cut their FY2024 earnings per share (EPS) estimates for shares of Exchange Income in a research note issued on Tuesday, February 18th. Ventum Cap Mkts analyst A. Ezzat now expects that the company will post earnings per share of $2.88 for the year, down from their previous forecast of $2.90. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Ventum Cap Mkts also issued estimates for Exchange Income’s Q4 2024 earnings at $0.91 EPS and FY2025 earnings at $4.27 EPS.

Other equities research analysts also recently issued research reports about the stock. CIBC increased their target price on shares of Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group boosted their target price on Exchange Income from C$70.00 to C$72.00 in a research report on Tuesday, November 12th. Paradigm Capital set a C$69.00 price target on Exchange Income and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price objective on Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$70.00.

Exchange Income Stock Performance

TSE:EIF opened at C$52.68 on Thursday. The firm has a market capitalization of C$2.63 billion, a PE ratio of 20.64, a PEG ratio of 1.42 and a beta of 2.04. The stock’s fifty day moving average is C$55.57 and its 200 day moving average is C$53.44. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

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.