Extendicare (TSE:EXE) Hits New 1-Year High at $8.78

Extendicare Inc. (TSE:EXE) reached a new 52-week high on Tuesday . The stock traded as high as C$8.78 and last traded at C$8.75, with a volume of 58288 shares trading hands. The stock had previously closed at C$8.72.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EXE shares. TD Securities upped their price objective on Extendicare from C$8.00 to C$9.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their price objective on shares of Extendicare from C$8.50 to C$9.50 in a research report on Monday, August 19th.

Extendicare Stock Down 0.5 %

The stock has a market cap of C$724.52 million, a P/E ratio of 12.82 and a beta of 1.26. The company’s fifty day moving average price is C$7.60 and its 200-day moving average price is C$7.42. The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60.

Extendicare (TSE:EXE) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. The company had revenue of C$348.48 million during the quarter, compared to analyst estimates of C$360.20 million. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. Equities analysts forecast that Extendicare Inc. will post 0.7620297 EPS for the current year.

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.04 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 5.53%. Extendicare’s dividend payout ratio is currently 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.