Brokers Issue Forecasts for Exchange Income FY2025 Earnings

Key Points

• National Bank Financial raised its FY2025 earnings per share (EPS) estimate for Exchange Income to $3.66, up from $3.59, while the consensus estimate remains at $4.00 per share.
• Various analysts have updated their price targets for Exchange Income, with estimates ranging from C$65.50 to C$84.00, and the majority recommending a "buy" rating.
• The company also announced a upcoming dividend of $0.22 per share, with a payout ratio of 103.42%.

Exchange Income Co. (TSE:EIF - Free Report) - Stock analysts at National Bank Financial boosted their FY2025 EPS estimates for shares of Exchange Income in a research note issued on Tuesday, August 12th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $3.66 for the year, up from their prior estimate of $3.59. The consensus estimate for Exchange Income's current full-year earnings is $4.00 per share.

A number of other research analysts have also commented on the stock. Scotiabank lifted their price objective on shares of Exchange Income from C$66.00 to C$80.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Desjardins upped their price target on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. TD Securities upped their price target on shares of Exchange Income from C$70.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Raymond James Financial upped their price objective on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, CIBC upped their price target on shares of Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$79.68.

Exchange Income Stock Up 0.9%

EIF traded up C$0.64 on Friday, hitting C$73.51. 174,146 shares of the company were exchanged, compared to its average volume of 112,207. The firm has a 50-day moving average price of C$64.66 and a two-hundred day moving average price of C$56.60. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$75.13. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The company has a market cap of C$3.67 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.22 dividend. Exchange Income's payout ratio is currently 103.42%.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.