Raymond James Cuts Earnings Estimates for Exchange Income

Exchange Income Co. (TSE:EIF - Free Report) - Equities researchers at Raymond James lowered their Q4 2024 earnings per share estimates for shares of Exchange Income in a research report issued on Monday, November 11th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $0.80 per share for the quarter, down from their prior estimate of $0.93. The consensus estimate for Exchange Income's current full-year earnings is $4.00 per share.

A number of other equities research analysts have also recently commented on EIF. TD Securities decreased their price target on Exchange Income from C$69.00 to C$67.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a "buy" rating in a report on Tuesday, November 5th. Canaccord Genuity Group upped their price target on Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday. National Bankshares lifted their price objective on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday. Finally, Ventum Cap Mkts upgraded shares of Exchange Income to a "strong-buy" rating in a research report on Tuesday, November 5th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exchange Income presently has a consensus rating of "Buy" and a consensus price target of C$67.61.

Exchange Income Price Performance

Shares of EIF traded up C$0.53 during mid-day trading on Wednesday, reaching C$56.08. The stock had a trading volume of 81,084 shares, compared to its average volume of 83,265. The firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$57.69. The business has a fifty day moving average of C$52.77 and a 200 day moving average of C$48.76. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.71%. Exchange Income's 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.