FY2024 EPS Estimates for ECN Capital Lifted by Raymond James

ECN Capital Corp. (TSE:ECN) – Stock analysts at Raymond James boosted their FY2024 EPS estimates for ECN Capital in a research report issued on Monday, November 11th. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $0.15 for the year, up from their previous forecast of $0.14. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Raymond James also issued estimates for ECN Capital’s Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.25 EPS.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets upped their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Cormark raised their price target on shares of ECN Capital from C$2.25 to C$3.50 in a research report on Tuesday. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. CIBC boosted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Finally, National Bankshares boosted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$2.66.

ECN Capital Price Performance

TSE:ECN opened at C$2.95 on Wednesday. The firm has a market cap of C$829.30 million, a PE ratio of -9.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The company’s 50-day moving average price is C$2.20 and its two-hundred day moving average price is C$1.99.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th 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 1.36%. ECN Capital’s dividend payout ratio is presently -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.