Extendicare (TSE:EXE) Reaches New 52-Week High – What’s Next?

Extendicare Inc. (TSE:EXE) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$10.93 and last traded at C$10.88, with a volume of 24619 shares. The stock had previously closed at C$10.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Securities boosted their target price on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research note on Thursday, November 14th. BMO Capital Markets set a C$11.00 price objective on Extendicare and gave the company a “market perform” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada raised their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a report on Thursday, November 28th.

Extendicare Trading Down 1.9 %

The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60. The firm has a market cap of C$927.35 million, a PE ratio of 16.34 and a beta of 1.26. The stock has a 50-day simple moving average of C$10.38 and a two-hundred day simple moving average of C$9.30.

Extendicare (TSE:EXE) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.19 earnings per share for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. During the same quarter in the previous year, the business earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Extendicare Inc. will post 0.6134729 EPS for the current year.

Extendicare Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, January 31st. Extendicare’s dividend payout ratio is 70.59%.

About Extendicare

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC”) homes and one of the largest private-sector providers of publicly funded home health care services.