Atb Cap Markets Expects Reduced Earnings for Exchange Income

Exchange Income Co. (TSE:EIF) – Stock analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for shares of Exchange Income in a research note issued to investors on Sunday, November 10th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $3.01 for the year, down from their previous estimate of $3.04. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q4 2024 earnings at $0.87 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $0.97 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $1.51 EPS and Q3 2026 earnings at $1.93 EPS.

EIF has been the topic of several other research reports. ATB Capital lifted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Ventum Cap Mkts raised Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. CIBC raised their price objective on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities cut their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$67.61.

Exchange Income Price Performance

TSE:EIF opened at C$56.08 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The business’s 50-day moving average price is C$52.77 and its 200 day moving average price is C$48.76. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$57.69. The firm has a market cap of C$2.66 billion, a P/E ratio of 23.17, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given 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 yield of 4.71%. 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.