Q3 2024 Earnings Forecast for Exchange Income Co. Issued By Atb Cap Markets (TSE:EIF)

Exchange Income Co. (TSE:EIF - Free Report) - Equities research analysts at Atb Cap Markets raised their Q3 2024 earnings per share estimates for shares of Exchange Income in a research note issued on Wednesday, April 10th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $1.15 for the quarter, up from their prior forecast of $1.11. The consensus estimate for Exchange Income's current full-year earnings is $3.17 per share. Atb Cap Markets also issued estimates for Exchange Income's Q3 2025 earnings at $1.48 EPS.

Exchange Income (TSE:EIF - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, meeting analysts' consensus estimates of C$0.70. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. The business had revenue of C$656.68 million during the quarter, compared to analysts' expectations of C$644.49 million.

Other analysts have also recently issued research reports about the stock. ATB Capital boosted their target price on shares of Exchange Income from C$60.00 to C$63.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. Raymond James boosted their price target on Exchange Income from C$70.00 to C$73.00 and gave the stock a "strong-buy" rating in a research report on Monday, February 26th. Scotiabank decreased their price objective on Exchange Income from C$62.00 to C$60.00 and set an "outperform" rating on the stock in a report on Monday, January 22nd. TD Securities upped their target price on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Finally, CIBC raised their price target on shares of Exchange Income from C$58.00 to C$61.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 19th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$64.15.

Exchange Income Price Performance

TSE EIF traded down C$1.32 on Friday, hitting C$46.66. The company had a trading volume of 88,572 shares, compared to its average volume of 86,332. The company has a debt-to-equity ratio of 162.10, a current ratio of 1.87 and a quick ratio of 1.13. The company's fifty day moving average price is C$48.11 and its 200-day moving average price is C$46.26. The company has a market capitalization of C$2.20 billion, a PE ratio of 17.61, a PEG ratio of 1.42 and a beta of 2.07. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$55.74.

Exchange Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Wednesday, March 27th. Exchange Income's dividend payout ratio (DPR) is presently 99.62%.

About Exchange Income

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.