Cormark Has Bullish Estimate for ECN Capital FY2025 Earnings

ECN Capital Corp. (TSE:ECN) – Cormark upped their FY2025 earnings per share (EPS) estimates for shares of ECN Capital in a report issued on Tuesday, November 12th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $0.25 per share for the year, up from their prior estimate of $0.21. Cormark currently has a “Moderate Buy” rating and a $3.50 price objective on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share.

A number of other brokerages also recently issued reports on ECN. National Bankshares boosted their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. BMO Capital Markets increased their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, CIBC lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$2.52.

ECN Capital Stock Performance

TSE:ECN opened at C$3.00 on Friday. The company has a market capitalization of C$843.36 million, a PE ratio of -8.67, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The company has a 50 day simple moving average of C$2.23 and a two-hundred day simple moving average of C$2.00.

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson sold 100,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total value of C$292,300.00. 18.31% of the stock is owned by insiders.

ECN Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.33%. ECN Capital’s dividend payout ratio is presently -12.12%.

About ECN Capital

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.