Cormark Weighs in on ECN Capital's FY2025 Earnings (TSE:ECN)

Key Points

• Cormark has reduced its FY2025 earnings per share (EPS) estimate for ECN Capital to $0.22, down from the previous forecast of $0.26, while the consensus estimate is currently $0.24.
• Raymond James Financial downgraded ECN Capital from a "moderate buy" to a "hold" rating and set a price target of C$3.25 for the company.
• ECN Capital recently declared a quarterly dividend of $0.01 per share, yielding 1.4%, with a negative dividend payout ratio of -17.87%.

ECN Capital Corp. (TSE:ECN - Free Report) - Stock analysts at Cormark dropped their FY2025 earnings per share estimates for shares of ECN Capital in a research report issued to clients and investors on Monday, August 11th. Cormark analyst J. Fenwick now anticipates that the company will earn $0.22 per share for the year, down from their prior estimate of $0.26. The consensus estimate for ECN Capital's current full-year earnings is $0.24 per share. Cormark also issued estimates for ECN Capital's FY2026 earnings at $0.34 EPS.

Separately, Raymond James Financial downgraded ECN Capital from a "moderate buy" rating to a "hold" rating and set a C$3.25 target price for the company. in a research note on Friday, August 8th.

ECN Capital Stock Performance

TSE ECN remained flat at C$2.81 during trading hours on Tuesday. The company had a trading volume of 102,428 shares, compared to its average volume of 162,011. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13. ECN Capital has a 52-week low of C$1.96 and a 52-week high of C$3.52. The company's 50-day moving average is C$2.87 and its two-hundred day moving average is C$2.88. The stock has a market cap of C$563.92 million, a PE ratio of -12.56, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.01 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.4%. ECN Capital's payout ratio is presently -17.87%.

Insider Activity at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson bought 200,000 shares of ECN Capital stock in a transaction dated Monday, June 9th. The shares were acquired at an average cost of C$2.56 per share, with a total value of C$511,300.00. Insiders own 18.31% of the company's stock.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company's operating segment includes Service Finance - Home Improvement Loans; KG - Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services - Manufactured Home Loans and Corporate.