ECN Capital Corp. (TSE:ECN - Free Report) - Equities researchers at National Bank Financial reduced their Q3 2024 earnings per share estimates for shares of ECN Capital in a research note issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for ECN Capital's current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for ECN Capital's FY2024 earnings at $0.10 EPS.
ECN Capital (TSE:ECN - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The business had revenue of C$79.37 million for the quarter, compared to the consensus estimate of C$75.42 million.
Other analysts have also issued research reports about the stock. BMO Capital Markets increased their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. CIBC lifted their price target on ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th. Finally, National Bankshares upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$2.48.
Read Our Latest Research Report on ECN
ECN Capital Stock Performance
Shares of TSE:ECN traded down C$0.01 on Thursday, reaching C$2.21. 69,741 shares of the company's stock were exchanged, compared to its average volume of 325,307. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.10. The company has a fifty day moving average of C$2.14 and a 200-day moving average of C$1.95. The company has a market capitalization of C$621.28 million, a price-to-earnings ratio of -6.70, a PEG ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.
ECN Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, September 13th. ECN Capital's payout ratio is -12.12%.
About ECN Capital
(
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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.
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