Q1 2024 EPS Estimates for ECN Capital Corp. (TSE:ECN) Reduced by Raymond James

ECN Capital Corp. (TSE:ECNFree Report) – Raymond James cut their Q1 2024 earnings per share (EPS) estimates for shares of ECN Capital in a research note issued to investors on Friday, March 22nd. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.03. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Raymond James also issued estimates for ECN Capital’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.07 EPS and FY2025 earnings at $0.26 EPS.

Other equities analysts also recently issued reports about the stock. National Bankshares reduced their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday. Royal Bank of Canada decreased their price objective on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating on the stock in a report on Friday. TD Securities dropped their target price on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday. Finally, CIBC cut their target price on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$2.54.

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ECN Capital Stock Performance

Shares of TSE ECN opened at C$1.80 on Monday. ECN Capital has a one year low of C$1.60 and a one year high of C$3.38. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. The business has a fifty day simple moving average of C$2.63 and a 200 day simple moving average of C$2.50. The firm has a market capitalization of C$503.91 million, a price-to-earnings ratio of -3.05, a PEG ratio of 0.24 and a beta of 1.29.

Insider Activity

In other ECN Capital news, Director William Wayne Lovatt acquired 200,000 shares of ECN Capital stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$1.71 per share, with a total value of C$342,000.00. 17.99% of the stock is currently owned by corporate insiders.

ECN Capital Company Profile

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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.

See Also

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

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