Exchange Income Co. Forecasted to Earn Q2 2024 Earnings of $0.81 Per Share (TSE:EIF)

Exchange Income Co. (TSE:EIFFree Report) – Research analysts at Raymond James decreased their Q2 2024 earnings per share (EPS) estimates for shares of Exchange Income in a report issued on Thursday, May 9th. Raymond James analyst S. Hansen now expects that the company will post earnings of $0.81 per share for the quarter, down from their previous estimate of $0.90. Raymond James currently has a “Strong-Buy” rating and a $73.00 price target on the stock. The consensus estimate for Exchange Income’s current full-year earnings is $3.16 per share. Raymond James also issued estimates for Exchange Income’s Q3 2024 earnings at $1.13 EPS, Q4 2024 earnings at $0.94 EPS, FY2024 earnings at $3.08 EPS and FY2025 earnings at $4.03 EPS.

A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group upped their target price on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. ATB Capital lifted their target price on shares of Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. TD Securities raised their price target on Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Scotiabank dropped their price objective on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$63.94.

Check Out Our Latest Report on Exchange Income

Exchange Income Stock Performance

EIF opened at C$47.98 on Monday. The stock has a 50-day moving average of C$47.78 and a 200-day moving average of C$46.60. The company has a debt-to-equity ratio of 162.10, a quick ratio of 1.13 and a current ratio of 1.87. Exchange Income has a 52-week low of C$42.05 and a 52-week high of C$55.18. The company has a market cap of C$2.27 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06.

Exchange Income (TSE:EIFGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.70. The business had revenue of C$656.68 million during the quarter, compared to analyst estimates of C$644.49 million. Exchange Income had a net margin of 4.90% and a return on equity of 10.80%.

Exchange Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.22 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.50%. Exchange Income’s dividend payout ratio is currently 99.62%.

Exchange Income Company Profile

(Get Free Report)

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.

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

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