FY2024 EPS Estimates for Exchange Income Lowered by Analyst

Exchange Income Co. (TSE:EIF) – Raymond James dropped their FY2024 EPS estimates for shares of Exchange Income in a report released on Monday, November 11th. Raymond James analyst S. Hansen now forecasts that the company will earn $2.95 per share for the year, down from their previous forecast of $3.30. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Raymond James also issued estimates for Exchange Income’s FY2025 earnings at $3.52 EPS.

A number of other equities analysts have also recently issued reports on EIF. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the company a “buy” rating in a report on Tuesday, November 5th. ATB Capital raised their price objective on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their price target on Exchange Income from C$65.00 to C$71.00 in a research report on Thursday. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, National Bankshares lifted their price target on Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$68.28.

Exchange Income Price Performance

TSE:EIF opened at C$56.16 on Thursday. The firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.42 and a beta of 2.04. The business has a 50 day simple moving average of C$53.05 and a 200-day simple moving average of C$48.89. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$57.69. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.70%. Exchange Income’s dividend payout ratio is currently 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.