FY2023 EPS Estimates for Extendicare Inc. (TSE:EXE) Lowered by Analyst

Extendicare Inc. (TSE:EXEGet Rating) – National Bank Financial dropped their FY2023 earnings per share estimates for shares of Extendicare in a note issued to investors on Wednesday, November 16th. National Bank Financial analyst T. Woolley now forecasts that the company will earn $0.21 per share for the year, down from their previous estimate of $0.34. The consensus estimate for Extendicare’s current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for Extendicare’s FY2024 earnings at $0.37 EPS.

Several other analysts have also weighed in on the company. Royal Bank of Canada decreased their price target on Extendicare from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a report on Thursday. National Bankshares decreased their price target on Extendicare from C$8.00 to C$7.50 in a report on Monday, October 24th. Finally, TD Securities reduced their target price on Extendicare from C$7.50 to C$7.00 and set a “hold” rating on the stock in a research note on Thursday, October 20th.

Extendicare Stock Performance

TSE:EXE opened at C$6.59 on Monday. The stock’s fifty day moving average is C$6.88 and its 200 day moving average is C$7.07. Extendicare has a fifty-two week low of C$6.47 and a fifty-two week high of C$8.00. The firm has a market capitalization of C$576.90 million and a PE ratio of 82.38. The company has a debt-to-equity ratio of 285.11, a quick ratio of 0.98 and a current ratio of 1.09.

Extendicare Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were paid a $0.04 dividend. The ex-dividend date was Friday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.28%. Extendicare’s payout ratio is 600.00%.

About Extendicare

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Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as contract and consulting services to third parties.

See Also

Earnings History and Estimates for Extendicare (TSE:EXE)

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