FY2024 EPS Estimates for Exchange Income Lowered by Analyst

Exchange Income Co. (TSE:EIF - Free Report) - Equities researchers at Cormark dropped their FY2024 earnings estimates for shares of Exchange Income in a note issued to investors on Monday, November 11th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $3.21 for the year, down from their previous forecast of $3.29. The consensus estimate for Exchange Income's current full-year earnings is $4.00 per share. Cormark also issued estimates for Exchange Income's FY2025 earnings at $4.22 EPS.

A number of other analysts have also recently commented on EIF. National Bankshares upped their price objective on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday. CIBC raised their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an "outperform" rating in a report on Monday, August 12th. TD Securities dropped their price target on Exchange Income from C$69.00 to C$67.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. ATB Capital boosted their target price on Exchange Income from C$66.00 to C$67.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Finally, Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$67.61.

Exchange Income Trading Up 1.0 %

EIF traded up C$0.53 during mid-day trading on Wednesday, hitting C$56.08. The stock had a trading volume of 81,084 shares, compared to its average volume of 83,265. The stock's fifty day simple moving average is C$52.64 and its 200-day simple moving average is C$48.69. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$57.69. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.71%. Exchange Income's payout ratio is 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.