Exchange Income (TSE:EIF) Posts Earnings Results

Exchange Income (TSE:EIF) released its quarterly earnings results on Tuesday. The company reported C$1.13 earnings per share (EPS) for the quarter, FiscalAI reports. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The company had revenue of C$952.16 million during the quarter.

Exchange Income Price Performance

Exchange Income stock opened at C$135.43 on Thursday. The business has a 50 day simple moving average of C$128.73 and a 200 day simple moving average of C$112.60. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. The company has a market capitalization of C$7.63 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Exchange Income has a one year low of C$69.67 and a one year high of C$136.75.

Analyst Ratings Changes

EIF has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price target on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Paradigm Capital boosted their price target on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Scotiabank raised their price objective on Exchange Income from C$129.00 to C$145.00 in a research report on Thursday, July 16th. Royal Bank Of Canada boosted their price objective on Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, National Bank Financial upped their target price on Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average target price of C$137.38.

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the transaction, the director directly owned 5,080 shares in the company, valued at C$663,651.20. This represents a 16.45% decrease in their ownership of the stock. 6.44% of the stock is owned by company insiders.

Exchange Income Company Profile

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.