Research analysts set expectations for Exchange Income Co.’s earnings for Q3 2022 (TSE:EIF)
Exchange Income Co. (EAST: EIF – Get a rating) – Investment analysts Cormark raised their third-quarter 2022 earnings estimates for Exchange Income shares in a report released Wednesday, May 11. Cormark analyst J. Fenwick now expects the company to earn $0.91 per share for the quarter, up from his previous forecast of $0.86.
Foreign exchange income (EAST: EIF – Get a rating) last released its quarterly earnings data on Wednesday, February 23. The company reported earnings per share of CA$0.71 for the quarter. The company had revenue of C$390.33 million for the quarter.
Several other research analysts have also published reports on the EIF. CIBC raised its price target on Exchange Income from C$44.00 to C$47.00 and gave the stock a “neutral” rating in a Thursday, April 14 research note. Raymond James set a price target of C$55.00 on Exchange Income shares and gave the company a “Strong Buy” rating in a Friday, Feb. 25, report. Scotiabank has upgraded shares of Exchange Income from a “sector performance” rating to a “buy” rating and raised its price target for the company from C$47.00 to C$56.00 CA in a research report Wednesday. ATB Capital raised its price target on shares of Exchange Income from C$57.00 to C$60.00 in a report released Thursday. Finally, TD Securities raised its target price on Exchange Income from C$49.00 to C$59.00 and gave the stock a “buy” rating in a report released Thursday. One analyst rated the stock with a hold rating, seven gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, the company has a consensus buy rating and a consensus price target of C$53.45.
Exchange Income Stock opened at C$42.85 on Friday. The company has a 50-day simple moving average of CA$41.44 and a 200-day simple moving average of CA$42.41. The company has a debt ratio of 161.35, a current ratio of 1.47 and a quick ratio of 0.85. The company has a market capitalization of C$1.66 billion and a PE ratio of 23.81. Foreign exchange income has a one-year low of C$37.79 and a one-year high of C$47.77.
The company also recently declared a monthly dividend, which was paid on Friday, April 15. Investors of record on Thursday, March 31 received a dividend of $0.19. This represents a dividend of $2.28 on an annualized basis and a dividend yield of 5.32%. The ex-dividend date was Wednesday, March 30. Exchange Income’s dividend payout ratio is currently 126.67%.
Exchange Income Company Profile (Get a rating)
Exchange Income Corporation is engaged in aerospace and aircraft services and equipment and manufacturing businesses worldwide. It operates through two segments, Aerospace and Aviation and Manufacturing. The Aeronautics and Aviation segment provides scheduled air services and charter flights, as well as emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia and Alberta, as well as Newfoundland -and Labrador, Quebec, New Brunswick and Nova Scotia.
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