Raymond James Predicts Weaker Earnings for Exchange Income

Exchange Income Co. (TSE:EIF) – Analysts at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for shares of Exchange Income in a report issued on Monday, November 11th. Raymond James analyst S. Hansen now anticipates that the company will earn $0.80 per share for the quarter, down from their previous estimate of $0.93. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share.

Several other equities analysts have also recently commented on EIF. ATB Capital boosted their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. CIBC lifted their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. National Bankshares upped their target price on Exchange Income from C$61.00 to C$68.00 in a research note on Monday. Canaccord Genuity Group lifted their price target on Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday. Finally, Ventum Cap Mkts raised Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$67.61.

Exchange Income Stock Up 1.0 %

EIF stock opened at C$56.08 on Wednesday. The company has a market cap of C$2.66 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. 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 has a 52 week low of C$43.08 and a 52 week high of C$57.69. The business has a 50-day simple moving average of C$52.77 and a 200 day simple moving average of C$48.76.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.71%. Exchange Income’s dividend payout ratio (DPR) is presently 109.09%.

Exchange Income Company Profile

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.