Atb Cap Markets Weighs in on Exchange Income Co.’s Q2 2024 Earnings (TSE:EIF)

Exchange Income Co. (TSE:EIFFree Report) – Atb Cap Markets increased their Q2 2024 earnings per share (EPS) estimates for Exchange Income in a research note issued to investors on Wednesday, May 8th. Atb Cap Markets analyst C. Murray now expects that the company will earn $0.86 per share for the quarter, up from their prior estimate of $0.85. The consensus estimate for Exchange Income’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Exchange Income’s FY2024 earnings at $3.39 EPS, Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $1.17 EPS and FY2025 earnings at $4.54 EPS.

Other equities research analysts have also issued reports about the company. Scotiabank reduced their price objective on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. Canaccord Genuity Group upped their price target 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 price objective on Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. TD Securities increased their target price on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Raymond James lifted their price target on shares of Exchange Income from C$70.00 to C$73.00 and gave the company a “strong-buy” rating in a report on Monday, February 26th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exchange Income presently has a consensus rating of “Buy” and an average price target of C$63.94.

View Our Latest Stock Report on Exchange Income

Exchange Income Stock Up 1.5 %

EIF opened at C$48.68 on Monday. The firm’s 50 day simple moving average is C$47.78 and its two-hundred day simple moving average is C$46.65. The company has a market capitalization of C$2.30 billion, a PE ratio of 18.37, a PEG ratio of 1.42 and a beta of 2.06. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$55.18. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 162.10.

Exchange Income (TSE:EIFGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, hitting the consensus estimate of C$0.70. The firm had revenue of C$656.68 million for the quarter, compared to analysts’ expectations 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 business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.42%. Exchange Income’s dividend payout ratio is 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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