Equities Analysts Issue Forecasts for Exchange Income Co.’s FY2023 Earnings (TSE:EIF)

Exchange Income Co. (TSE:EIFFree Report) – Equities research analysts at Atb Cap Markets cut their FY2023 earnings per share estimates for shares of Exchange Income in a report released on Sunday, November 12th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $2.97 per share for the year, down from their prior forecast of $3.18. The consensus estimate for Exchange Income’s current full-year earnings is $4.13 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q1 2024 earnings at $0.46 EPS and Q3 2025 earnings at $1.35 EPS.

A number of other research analysts have also issued reports on EIF. Cormark reduced their price target on Exchange Income from C$66.00 to C$61.00 in a research report on Friday. Scotiabank cut their target price on Exchange Income from C$66.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Monday. Royal Bank of Canada cut their target price on Exchange Income from C$71.00 to C$70.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th. ATB Capital cut their target price on Exchange Income from C$66.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, CIBC cut their target price on Exchange Income from C$67.00 to C$65.00 in a research report on Monday, October 23rd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$64.33.

Get Our Latest Analysis on Exchange Income

Exchange Income Trading Down 1.0 %

Shares of EIF stock opened at C$43.96 on Tuesday. The company has a debt-to-equity ratio of 153.68, a quick ratio of 1.13 and a current ratio of 1.93. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$55.74. The stock has a fifty day moving average of C$45.02 and a two-hundred day moving average of C$49.33. The firm has a market capitalization of C$2.05 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.21 per share. This represents a $2.52 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Monday, October 30th. Exchange Income’s payout ratio is 94.74%.

Exchange Income Company Profile

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Exchange Income Corporation, together with its subsidiaries, 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, Qu├ębec, New Brunswick, and Nova Scotia.

Further Reading

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

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