FY2025 EPS Estimates for Exchange Income Boosted by Cormark

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 boosted their FY2025 earnings per share (EPS) estimates for Exchange Income in a research report issued to clients and investors on Tuesday, July 29th. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $3.79 for the year, up from their previous forecast 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.

Other equities research analysts have also recently issued reports about the stock. Scotiabank lifted their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. TD Securities upped their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Desjardins upgraded shares of Exchange Income to a "moderate buy" rating and set a C$73.00 price objective on the stock in a research note on Thursday, July 3rd. Canaccord Genuity Group upped their target price on Exchange Income from C$75.00 to C$77.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, CIBC lifted their price target on Exchange Income from C$69.00 to C$73.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$71.42.

Exchange Income Stock Performance

Shares of Exchange Income stock traded up C$0.41 during trading hours on Wednesday, reaching C$65.99. The company's stock had a trading volume of 88,248 shares, compared to its average volume of 109,213. Exchange Income has a one year low of C$45.00 and a one year high of C$68.01. The company's 50 day simple moving average is C$61.84 and its 200 day simple moving average is C$55.45. 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 cap of C$3.29 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.22 per share. Exchange Income's payout ratio is 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.