FY2024 EPS Estimate for ECN Capital Cut by Analyst

ECN Capital Corp. (TSE:ECN) – National Bank Financial cut their FY2024 earnings per share estimates for ECN Capital in a report issued on Sunday, December 15th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $0.09 per share for the year, down from their prior forecast of $0.13. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share.

A number of other brokerages have also recently commented on ECN. Cormark increased their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research note on Tuesday, November 12th. CIBC upped their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ECN Capital currently has an average rating of “Hold” and an average price target of C$2.52.

ECN Capital Price Performance

Shares of TSE ECN opened at C$3.06 on Wednesday. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The stock has a market capitalization of C$860.23 million, a price-to-earnings ratio of -9.27, a PEG ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The business has a 50-day moving average of C$2.59 and a 200-day moving average of C$2.17.

Insider Activity

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total transaction of C$59,012.10. Insiders own 18.31% of the company’s stock.

ECN Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.31%. ECN Capital’s dividend payout ratio is currently -12.12%.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.