Exchange Income (EIF) Scheduled to Post Quarterly Earnings on Thursday

Exchange Income (TSE:EIF - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Exchange Income to post earnings of C$1.19 per share for the quarter.

Exchange Income (TSE:EIF - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, topping analysts' consensus estimates of C$0.78 by C$0.02. The firm had revenue of C$660.58 million during the quarter, compared to the consensus estimate of C$677.10 million. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%.

Exchange Income Stock Down 0.3 %

Shares of EIF stock traded down C$0.16 on Thursday, reaching C$54.75. 128,539 shares of the stock were exchanged, compared to its average volume of 82,575. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The business's 50 day moving average price is C$51.70 and its 200 day moving average price is C$48.21. The company has a market capitalization of C$2.60 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a twelve month low of C$42.56 and a twelve month high of C$56.59.

Exchange Income Dividend Announcement

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 paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.82%. Exchange Income's payout ratio is currently 109.09%.

Analyst Ratings Changes

EIF has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. ATB Capital upped their price objective on shares of 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. CIBC upped 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. Finally, TD Securities decreased their price objective on shares of Exchange Income from C$69.00 to C$67.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$65.28.

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.