FY2024 EPS Estimates for ECN Capital Raised by Raymond James

ECN Capital Corp. (TSE:ECN - Free Report) - Stock analysts at Raymond James upped their FY2024 EPS estimates for ECN Capital in a research note issued on Monday, November 11th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $0.15 per share for the year, up from their prior estimate of $0.14. The consensus estimate for ECN Capital's current full-year earnings is $0.24 per share. Raymond James also issued estimates for ECN Capital's Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.25 EPS.

Other equities analysts also recently issued reports about the company. Cormark increased their target price on ECN Capital from C$2.25 to C$3.50 in a research report on Tuesday. CIBC lifted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bank Financial upgraded shares of ECN Capital from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. BMO Capital Markets raised their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, National Bankshares boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Five 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, the company has a consensus rating of "Hold" and an average target price of C$2.66.

ECN Capital Price Performance

Shares of TSE ECN traded down C$0.01 during mid-day trading on Wednesday, hitting C$2.95. 364,300 shares of the stock traded hands, compared to its average volume of 327,919. The company has a market cap of C$829.30 million, a PE ratio of -9.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.25. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The firm has a 50 day simple moving average of C$2.20 and a two-hundred day simple moving average of C$1.99.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, December 13th. ECN Capital's dividend payout ratio is currently -12.12%.

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.