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

Exchange Income Co. (TSE:EIF) – 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.

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

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, Québec, New Brunswick, and Nova Scotia.