FY2024 EPS Estimates for Exchange Income Reduced by Cormark

Exchange Income Co. (TSE:EIF) – Equities research analysts at Cormark cut their FY2024 earnings per share estimates for Exchange Income in a research report issued to clients and investors on Monday, November 11th. Cormark analyst J. Fenwick now expects that the company will post earnings of $3.21 per share for the year, down from their prior forecast of $3.29. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Cormark also issued estimates for Exchange Income’s FY2025 earnings at $4.22 EPS.

A number of other analysts have also commented on the company. Canaccord Genuity Group lifted their price objective on Exchange Income from C$70.00 to C$72.00 in a research report on Tuesday. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. ATB Capital boosted their target price on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, TD Securities decreased their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exchange Income presently has an average rating of “Buy” and a consensus target price of C$67.61.

Exchange Income Price Performance

Shares of EIF stock opened at C$56.08 on Wednesday. The stock has a 50-day moving average price of C$52.77 and a 200 day moving average price of C$48.76. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$57.69.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.71%. Exchange Income’s dividend payout ratio 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.