ECN Capital FY2024 EPS Lowered by National Bank Financial

ECN Capital Corp. (TSE:ECN - Free Report) - Equities researchers at National Bank Financial lowered their FY2024 earnings per share estimates for shares of ECN Capital in a research report issued on Sunday, December 15th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.09 for the year, down from their prior estimate of $0.13. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for ECN Capital's current full-year earnings is $0.24 per share.

Several other research firms also recently commented on ECN. CIBC raised their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Cormark lifted their price objective on ECN Capital from C$2.25 to C$3.50 and gave the company a "moderate buy" rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$2.52.

ECN Capital Price Performance

Shares of TSE:ECN traded down C$0.04 during midday trading on Wednesday, reaching C$3.02. 2,301,942 shares of the company's stock were exchanged, compared to its average volume of 321,667. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The company's 50 day simple moving average is C$2.56 and its two-hundred day simple moving average is C$2.15. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The firm has a market capitalization of C$848.98 million, a PE ratio of -9.15, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital's payout ratio is presently -12.12%.

Insider Activity

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

ECN Capital Company Profile

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.