Q1 2024 EPS Estimates for Exchange Income Co. Lowered by Analyst (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Stock analysts at Atb Cap Markets decreased their Q1 2024 earnings per share (EPS) estimates for shares of Exchange Income in a note issued to investors on Wednesday, April 10th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.49. The consensus estimate for Exchange Income’s current full-year earnings is $3.17 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q2 2024 earnings at $0.85 EPS, Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $3.10 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $1.15 EPS.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, hitting analysts’ consensus estimates of C$0.70. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. The company had revenue of C$656.68 million for the quarter, compared to the consensus estimate of C$644.49 million.

A number of other research analysts also recently commented on the company. CIBC increased their target price on Exchange Income from C$58.00 to C$61.50 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. ATB Capital raised their price target on Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Canaccord Genuity Group raised their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Scotiabank cut their price target on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Finally, TD Securities raised their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$64.15.

Exchange Income Trading Down 1.9 %

TSE:EIF opened at C$45.77 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10. The business’s 50 day moving average is C$48.10 and its two-hundred day moving average is C$46.29. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.74. The company has a market cap of C$2.16 billion, a PE ratio of 17.27, a P/E/G ratio of 1.42 and a beta of 2.07.

Exchange Income Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 5.77%. The ex-dividend date was Wednesday, March 27th. Exchange Income’s payout ratio is currently 99.62%.

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.