Cormark Weighs in on Extendicare’s FY2024 Earnings (TSE:EXE)

Extendicare Inc. (TSE:EXE) – Analysts at Cormark issued their FY2024 earnings per share (EPS) estimates for Extendicare in a report issued on Wednesday, February 19th. Cormark analyst K. Mcphee expects that the company will post earnings of $0.79 per share for the year. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Extendicare’s current full-year earnings is $0.61 per share. Cormark also issued estimates for Extendicare’s FY2025 earnings at $0.74 EPS, FY2026 earnings at $0.87 EPS and FY2027 earnings at $0.95 EPS.

EXE has been the subject of several other reports. BMO Capital Markets set a C$11.00 price target on shares of Extendicare and gave the stock a “market perform” rating in a report on Thursday, January 30th. TD Securities boosted their price target on shares of Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada upped their price target on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 28th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$10.25.

Extendicare Trading Down 0.7 %

TSE:EXE opened at C$11.45 on Friday. The stock has a market cap of C$955.70 million, a PE ratio of 14.60 and a beta of 1.26. Extendicare has a fifty-two week low of C$6.63 and a fifty-two week high of C$11.71. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The stock’s 50-day moving average is C$10.53 and its two-hundred day moving average is C$9.60.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.19%. Extendicare’s dividend payout ratio (DPR) is 61.20%.

Extendicare Company Profile

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC”) homes and one of the largest private-sector providers of publicly funded home health care services.