Exchange Income Co. (EIF) To Go Ex-Dividend on October 31st

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.22 per share on Friday, November 15th. This represents a $2.64 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Thursday, October 31st.

Exchange Income Stock Performance

Shares of EIF opened at C$56.41 on Friday. The company’s 50 day moving average price is C$50.45 and its 200 day moving average price is C$47.85. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$56.59. The company has a market capitalization of C$2.68 billion, a PE ratio of 23.31, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The business had revenue of C$660.58 million during the quarter, compared to analysts’ expectations of C$677.10 million. Research analysts expect that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Analysts Set New Price Targets

EIF has been the topic of several analyst reports. CIBC boosted their price target on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. ATB Capital upped their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group increased their price target on shares of Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, TD Securities increased their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$65.28.

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.