Cormark Brokers Lift Earnings Estimates for Exchange Income

Key Points

• Cormark has raised its FY2025 earnings per share (EPS) estimate for Exchange Income to $3.79, up from a previous forecast of $3.64.
• Several analysts, including Desjardins and Royal Bank of Canada, have upgraded their target prices for Exchange Income, with the consensus target now at C$70.83.
• The company recently announced a dividend of $0.22 per share, with a payout ratio of 103.42%, highlighting its commitment to returning value to shareholders.

Exchange Income Co. (TSE:EIF - Free Report) - Equities research analysts at Cormark raised their FY2025 earnings per share estimates for Exchange Income in a report issued on Tuesday, July 29th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $3.79 for the year, up from their previous estimate of $3.64. Cormark currently has a "Buy" rating and a $78.50 target price on the stock. The consensus estimate for Exchange Income's current full-year earnings is $4.00 per share. Cormark also issued estimates for Exchange Income's FY2026 earnings at $4.59 EPS.

EIF has been the topic of a number of other research reports. Desjardins upgraded Exchange Income to a "moderate buy" rating and set a C$73.00 price target on the stock in a research note on Thursday, July 3rd. BMO Capital Markets set a C$59.00 price target on Exchange Income and gave the stock a "market perform" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada boosted their price target on Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Scotiabank boosted their price target on Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, CIBC boosted their price target on Exchange Income from C$69.00 to C$73.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exchange Income presently has a consensus rating of "Buy" and an average target price of C$71.42.

Exchange Income Stock Up 0.6%

EIF traded up C$0.41 on Wednesday, hitting C$65.99. The company had a trading volume of 88,248 shares, compared to its average volume of 109,213. The stock has a fifty day moving average price of C$61.84 and a 200-day moving average price of C$55.47. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$68.01. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The stock has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The business also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $0.22 dividend. Exchange Income's dividend payout ratio is presently 103.42%.

About Exchange Income

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.