National Bank Financial Research Analysts Raise Earnings Estimates for Exchange Income Co. (TSE:EIF)

Exchange Income Co. (TSE:EIFGet Rating) – Analysts at National Bank Financial raised their FY2022 EPS estimates for Exchange Income in a research note issued on Monday, November 21st. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $3.13 for the year, up from their prior estimate of $3.03. The consensus estimate for Exchange Income’s current full-year earnings is $3.96 per share. National Bank Financial also issued estimates for Exchange Income’s Q4 2022 earnings at $0.83 EPS and FY2023 earnings at $3.97 EPS.

A number of other brokerages have also recently issued reports on EIF. Royal Bank of Canada reduced their price objective on shares of Exchange Income from C$61.00 to C$59.00 and set an “outperform” rating for the company in a report on Monday, November 14th. National Bankshares lifted their price objective on shares of Exchange Income from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Monday. ATB Capital lifted their price objective on shares of Exchange Income from C$60.00 to C$65.00 in a report on Monday, August 15th. Cormark lifted their price objective on shares of Exchange Income from C$63.00 to C$64.00 in a report on Friday, November 11th. Finally, CIBC lifted their price objective on shares of Exchange Income from C$56.50 to C$59.00 in a report on Monday, August 15th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$61.44.

Exchange Income Trading Up 0.3 %

TSE:EIF opened at C$48.62 on Thursday. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 175.76. The stock has a market capitalization of C$2.06 billion and a price-to-earnings ratio of 18.56. The firm has a fifty day simple moving average of C$45.24 and a two-hundred day simple moving average of C$45.43. Exchange Income has a 12 month low of C$37.79 and a 12 month high of C$51.56.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.21 dividend. This represents a $2.52 annualized dividend and a yield of 5.18%. The ex-dividend date is Tuesday, November 29th. Exchange Income’s dividend payout ratio is 89.69%.

About Exchange Income

(Get Rating)

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.

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Earnings History and Estimates for Exchange Income (TSE:EIF)

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