Exchange Income Co. to Post Q4 2023 Earnings of $0.91 Per Share, Raymond James Forecasts (TSE:EIF)

Exchange Income Co. (TSE:EIFFree Report) – Equities research analysts at Raymond James lowered their Q4 2023 earnings per share (EPS) estimates for shares of Exchange Income in a report released on Monday, November 13th. Raymond James analyst S. Hansen now expects that the company will post earnings of $0.91 per share for the quarter, down from their prior forecast of $0.96. The consensus estimate for Exchange Income’s current full-year earnings is $4.13 per share. Raymond James also issued estimates for Exchange Income’s FY2024 earnings at $4.26 EPS.

Other equities analysts have also issued reports about the company. TD Securities reduced their price objective on Exchange Income from C$65.00 to C$63.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada decreased their price objective on Exchange Income from C$71.00 to C$70.00 and set an “outperform” rating for the company in a report on Friday, October 6th. Scotiabank dropped their price objective on shares of Exchange Income from C$66.00 to C$62.00 and set an “outperform” rating on the stock in a report on Monday. National Bankshares reduced their target price on shares of Exchange Income from C$65.00 to C$62.00 and set an “outperform” rating for the company in a research note on Monday. Finally, ATB Capital dropped their price target on shares of Exchange Income from C$66.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$63.56.

Read Our Latest Report on Exchange Income

Exchange Income Stock Performance

Shares of EIF stock opened at C$45.94 on Thursday. The company has a debt-to-equity ratio of 153.68, a quick ratio of 1.13 and a current ratio of 1.93. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 1.42 and a beta of 2.06. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.74. The firm’s 50-day simple moving average is C$44.92 and its two-hundred day simple moving average is C$49.26.

Insider Transactions at Exchange Income

In other Exchange Income news, Director Edward Warkentin bought 1,115 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of C$44.84 per share, for a total transaction of C$49,995.04. Insiders own 6.40% of the company’s stock.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.21 per share. The ex-dividend date was Monday, October 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.49%. Exchange Income’s dividend payout ratio (DPR) is currently 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.

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

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