Extendicare (TSE:EXE) Hits New 1-Year High at $9.48

Extendicare Inc. (TSE:EXE) reached a new 52-week high on Wednesday . The company traded as high as C$9.48 and last traded at C$9.44, with a volume of 85838 shares. The stock had previously closed at C$9.28.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th. TD Securities upped their price objective on shares of Extendicare from C$9.00 to C$9.50 and gave the company a “hold” rating in a report on Wednesday, September 4th.

Extendicare Price Performance

The company’s fifty day moving average is C$8.11 and its two-hundred day moving average is C$7.63. The stock has a market cap of C$788.79 million, a price-to-earnings ratio of 13.65 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 (TSE:EXE) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. The business had revenue of C$348.48 million for the quarter, compared to analyst estimates of C$360.20 million. Extendicare had a return on equity of 60.00% and a net margin of 4.28%.

Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 5.08%. Extendicare’s dividend payout ratio (DPR) is currently 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.