Analysts Issue Forecasts for ECN Capital Corp.’s FY2023 Earnings (TSE:ECN)

ECN Capital Corp. (TSE:ECNFree Report) – Analysts at Raymond James dropped their FY2023 earnings estimates for ECN Capital in a research report issued on Tuesday, November 14th. Raymond James analyst S. Boland now anticipates that the company will post earnings per share of ($0.09) for the year, down from their previous estimate of ($0.05). The consensus estimate for ECN Capital’s current full-year earnings is $0.29 per share.

ECN Capital (TSE:ECNGet Free Report) last posted its quarterly earnings results on Monday, August 14th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.05). ECN Capital had a negative return on equity of 24.88% and a negative net margin of 36.95%. The business had revenue of C$50.95 million during the quarter, compared to analysts’ expectations of C$88.44 million.

Several other equities research analysts have also recently issued reports on the stock. CIBC raised their price objective on shares of ECN Capital from C$2.25 to C$2.60 and gave the stock a “neutral” rating in a research report on Tuesday. TD Securities cut their price objective on shares of ECN Capital from C$2.75 to C$2.50 and set a “hold” rating for the company in a research report on Wednesday. National Bank Financial cut shares of ECN Capital from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Tuesday. National Bankshares cut shares of ECN Capital from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$3.50 to C$2.75 in a research report on Tuesday. Finally, BMO Capital Markets cut their price objective on shares of ECN Capital from C$2.75 to C$2.60 and set a “market perform” rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$2.78.

View Our Latest Stock Report on ECN

ECN Capital Price Performance

ECN Capital stock opened at C$2.09 on Friday. ECN Capital has a 12-month low of C$1.65 and a 12-month high of C$3.66. The stock has a market cap of C$583.80 million, a P/E ratio of -7.21, a PEG ratio of 0.24 and a beta of 1.15. The company has a 50-day moving average price of C$2.25 and a 200 day moving average price of C$2.62. The company has a current ratio of 9.65, a quick ratio of 3.81 and a debt-to-equity ratio of 709.37.

Insider Activity at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson acquired 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of C$2.09 per share, for a total transaction of C$522,750.00. Company insiders own 7.94% of the company’s stock.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, December 14th. ECN Capital’s dividend payout ratio is presently -13.79%.

ECN Capital Company Profile

(Get Free Report)

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.

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Earnings History and Estimates for ECN Capital (TSE:ECN)

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