Exchange Income FY2024 EPS Forecast Reduced by Raymond James

Exchange Income Co. (TSE:EIF - Free Report) - Research analysts at Raymond James reduced their FY2024 earnings per share estimates for Exchange Income in a report released on Monday, November 11th. Raymond James analyst S. Hansen now anticipates that the company will earn $2.95 per share for the year, down from their previous forecast of $3.30. The consensus estimate for Exchange Income's current full-year earnings is $4.00 per share. Raymond James also issued estimates for Exchange Income's FY2025 earnings at $3.52 EPS.

Several other research firms have also weighed in on EIF. ATB Capital raised their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the company a "buy" rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of Exchange Income from C$65.00 to C$71.00 in a research report on Thursday. Canaccord Genuity Group boosted their target price on shares of Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday. Finally, CIBC lifted their price target on Exchange Income from C$61.50 to C$62.50 and gave the company an "outperform" rating in a report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$68.28.

Exchange Income Stock Performance

Shares of TSE EIF traded up C$0.31 during trading on Thursday, reaching C$56.39. The stock had a trading volume of 67,447 shares, compared to its average volume of 83,193. The firm's 50 day moving average price is C$52.77 and its two-hundred day moving average price is C$48.76. Exchange Income has a one year low of C$43.08 and a one year high of C$57.69. The stock has a market cap of C$2.68 billion, a PE ratio of 23.27, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.68%. Exchange Income's dividend payout ratio is currently 109.09%.

About Exchange Income

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.