Exchange Income Co. to Post FY2024 Earnings of $3.28 Per Share, National Bank Financial Forecasts (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Exchange Income in a research note issued on Wednesday, May 8th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $3.28 for the year, down from their prior estimate of $3.63. The consensus estimate for Exchange Income’s current full-year earnings is $3.16 per share. National Bank Financial also issued estimates for Exchange Income’s FY2025 earnings at $3.86 EPS.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, meeting the consensus estimate of C$0.70. The firm had revenue of C$656.68 million for the quarter, compared to the consensus estimate of C$644.49 million. Exchange Income had a net margin of 4.90% and a return on equity of 10.80%.

Other analysts also recently issued reports about the stock. Raymond James boosted their price target on shares of Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research report on Monday, February 26th. Scotiabank dropped their price target on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. ATB Capital boosted their price target on shares of Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. TD Securities boosted their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Canaccord Genuity Group boosted their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$63.94.

Exchange Income Trading Down 0.9 %

Shares of TSE:EIF opened at C$46.00 on Friday. The company has a market cap of C$2.17 billion, a PE ratio of 17.36, a P/E/G ratio of 1.42 and a beta of 2.06. The company’s 50-day moving average price is C$47.84 and its 200 day moving average price is C$46.49. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$55.41. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.64 annualized dividend and a dividend yield of 5.74%. Exchange Income’s dividend payout ratio is currently 99.62%.

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.