Leede Financial Predicts Increased Earnings for Extendicare

Extendicare Inc. (TSE:EXE) – Research analysts at Leede Financial upped their FY2024 earnings per share (EPS) estimates for shares of Extendicare in a report issued on Wednesday, November 13th. Leede Financial analyst D. Loe now expects that the company will post earnings of $1.03 per share for the year, up from their previous estimate of $0.89. The consensus estimate for Extendicare’s current full-year earnings is $0.61 per share. Leede Financial also issued estimates for Extendicare’s FY2027 earnings at $1.49 EPS.

EXE has been the topic of a number of other reports. Royal Bank of Canada raised their price objective on Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th. TD Securities increased their price objective on shares of Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research note on Thursday.

Extendicare Stock Up 1.3 %

Extendicare stock opened at C$10.14 on Friday. Extendicare has a 1-year low of C$6.41 and a 1-year high of C$10.43. The firm’s fifty day simple moving average is C$9.27 and its 200-day simple moving average is C$8.15. The company has a market capitalization of C$846.39 million, a P/E ratio of 14.91 and a beta of 1.26. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.73%. Extendicare’s dividend payout ratio (DPR) is presently 70.59%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.