Exchange Income Co. (TSE:EIF) – Equities researchers at National Bank Financial upped their Q2 2018 EPS estimates for shares of Exchange Income in a research note issued on Tuesday, June 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $0.75 per share for the quarter, up from their previous forecast of $0.67. National Bank Financial has a “Outperform” rating and a $44.00 price objective on the stock.
Exchange Income (TSE:EIF) last posted its earnings results on Tuesday, May 8th. The company reported C$0.40 EPS for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.07. Exchange Income had a net margin of 6.41% and a return on equity of 12.03%. The business had revenue of C$266.03 million during the quarter, compared to the consensus estimate of C$265.49 million.
Separately, TD Securities lifted their target price on shares of Exchange Income from C$46.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$44.11.
TSE:EIF opened at C$32.04 on Thursday. Exchange Income has a 12 month low of C$25.80 and a 12 month high of C$37.60.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a dividend of $0.183 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Thursday, June 28th.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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