Atb Cap Markets Weighs in on Exchange Income FY2024 Earnings

Exchange Income Co. (TSE:EIF - Free Report) - Stock analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for Exchange Income in a research report issued on Sunday, November 10th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $3.01 per share for the year, down from their previous forecast of $3.04. The consensus estimate for Exchange Income's current full-year earnings is $4.00 per share. Atb Cap Markets also issued estimates for Exchange Income's Q4 2024 earnings at $0.87 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $0.97 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $1.51 EPS and Q3 2026 earnings at $1.93 EPS.

Several other equities analysts also recently commented on the stock. CIBC increased their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an "outperform" rating in a research note on Monday, August 12th. National Bankshares increased their price target on Exchange Income from C$61.00 to C$68.00 in a research note on Monday. Canaccord Genuity Group increased their price target on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. TD Securities lowered their target price on Exchange Income from C$69.00 to C$67.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, ATB Capital increased 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. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exchange Income presently has a consensus rating of "Buy" and a consensus price target of C$67.39.

Exchange Income Price Performance

Exchange Income stock traded up C$0.47 during midday trading on Tuesday, reaching C$55.56. The company's stock had a trading volume of 25,714 shares, compared to its average volume of 83,037. The stock has a market cap of C$2.64 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$57.69. The business has a 50-day moving average price of C$52.51 and a 200-day moving average price of C$48.64.

Exchange Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.75%. Exchange Income's dividend payout ratio is currently 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.