National Bank Financial Estimates Exchange Income Q3 Earnings

Exchange Income Co. (TSE:EIF) – Analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for Exchange Income in a research note issued to investors 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 also recently commented on the company. 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 report on Monday, August 12th. Canaccord Genuity Group upped their price target 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 upped their price target on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, ATB Capital upped their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$65.28.

Exchange Income Trading Up 0.3 %

TSE EIF opened at C$56.18 on Thursday. The company has a market cap of C$2.67 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$56.53. The business has a 50 day moving average price of C$50.09 and a 200-day moving average price of C$47.75. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03.

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

Exchange Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.22 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.64 annualized dividend and a yield of 4.70%. Exchange Income’s dividend payout ratio is currently 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.