FY2025 Earnings Forecast for ECN Capital Issued By Cormark

ECN Capital Corp. (TSE:ECN) – Equities research analysts at Cormark increased their FY2025 earnings per share estimates for shares of ECN Capital in a report issued on Tuesday, November 12th. Cormark analyst J. Fenwick now expects that the company will earn $0.25 per share for the year, up from their previous estimate of $0.21. Cormark currently has a “Moderate Buy” rating and a $3.50 target price on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share.

A number of other analysts have also recently commented on the stock. 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 raised their price target on ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, National Bankshares raised their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Price Performance

Shares of TSE:ECN opened at C$3.00 on Friday. The firm has a market capitalization of C$843.36 million, a PE ratio of -9.09, a P/E/G ratio of 0.24 and a beta of 1.35. 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 has a 50-day moving average price of C$2.25 and a two-hundred day moving average price of C$2.01. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.25.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s dividend payout ratio is -12.12%.

Insider Buying and Selling

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$2.92, for a total value of C$292,300.00. 18.31% of the stock is owned by company insiders.

About ECN Capital

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.