Extendicare (TSE:EXE) Hits New 1-Year High at $9.52

Extendicare Inc. (TSE:EXE)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$9.52 and last traded at C$9.50, with a volume of 47685 shares. The stock had previously closed at C$9.48.

Analysts Set New Price Targets

Several research analysts have commented on EXE shares. TD Securities lifted their target price on Extendicare from C$9.00 to C$9.50 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Royal Bank of Canada increased their target price on shares of Extendicare from C$8.50 to C$9.50 in a research report on Monday, August 19th.

Extendicare Stock Performance

The stock has a market cap of C$787.96 million, a P/E ratio of 13.88 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. The company’s 50-day simple moving average is C$8.44 and its 200 day simple moving average is C$7.78.

Extendicare (TSE:EXE) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. The company had revenue of C$348.48 million for the quarter, compared to the consensus estimate of C$360.20 million. As a group, sell-side analysts expect that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.04 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.08%. Extendicare’s dividend payout ratio (DPR) is presently 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.