National Bank Financial Estimates Exchange Income Q3 Earnings

Exchange Income Co. (TSE:EIF) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Exchange Income in a research note issued on Tuesday, October 15th. National Bank Financial analyst C. Doerksen expects that the company will post earnings of $1.15 per share for the quarter. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. National Bank Financial also issued estimates for Exchange Income’s FY2024 earnings at $3.08 EPS.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group boosted their target price on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, August 12th. TD Securities lifted their price target on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. ATB Capital boosted their price objective on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, CIBC boosted their price objective on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$65.28.

Exchange Income Stock Up 0.4 %

EIF opened at C$56.41 on Thursday. The business has a 50 day moving average price of C$50.45 and a 200 day moving average price of C$47.85. Exchange Income has a twelve month low of C$42.05 and a twelve month high of C$56.59. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The firm has a market cap of C$2.68 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The business had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.68%. Exchange Income’s payout ratio is presently 109.09%.

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.