Ventum Cap Mkts Expects Weaker Earnings for Exchange Income

Exchange Income Co. (TSE:EIF) – Investment analysts at Ventum Cap Mkts decreased their FY2024 earnings per share estimates for shares of Exchange Income in a research note issued to investors on Tuesday, February 18th. Ventum Cap Mkts analyst A. Ezzat now expects that the company will earn $2.88 per share for the year, down from their prior estimate of $2.90. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Ventum Cap Mkts also issued estimates for Exchange Income’s Q4 2024 earnings at $0.91 EPS and FY2025 earnings at $4.27 EPS.

Several other research analysts also recently issued reports on EIF. CIBC upped their price objective on Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. National Bankshares upped their price target on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Royal Bank of Canada upped their price target on Exchange Income from C$65.00 to C$71.00 in a research report on Thursday, November 14th. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Paradigm Capital set a C$69.00 price objective on Exchange Income and gave the stock a “buy” rating in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$70.00.

Exchange Income Price Performance

Shares of EIF opened at C$51.70 on Thursday. The business has a 50-day simple moving average of C$55.46 and a two-hundred day simple moving average of C$53.45. Exchange Income has a 12-month low of C$43.08 and a 12-month high of C$59.32. The stock has a market cap of C$2.58 billion, a PE ratio of 20.25, a PEG ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Exchange Income Company Profile

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.