Exchange Income (TSE:EIF) Posts Earnings Results

Exchange Income (TSE:EIF) issued its earnings results on Tuesday. The company reported C$1.13 EPS for the quarter, FiscalAI reports. The business had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%.

Exchange Income Stock Up 2.2%

Shares of TSE EIF opened at C$128.18 on Wednesday. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. Exchange Income has a 1 year low of C$68.20 and a 1 year high of C$136.48. The stock’s 50-day simple moving average is C$128.49 and its 200-day simple moving average is C$112.34. The firm has a market cap of C$7.22 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 1.42 and a beta of 1.03.

Analysts Set New Price Targets

Several analysts recently issued reports on EIF shares. ATB Cormark Capital Markets increased their price target on Exchange Income from C$125.00 to C$146.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. TD boosted their price objective on Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Royal Bank Of Canada upped their target price on Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Finally, Scotiabank raised their target price on Exchange Income from C$129.00 to C$145.00 in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$136.62.

Insider Activity

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the sale, the director directly owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This represents a 16.45% decrease in their ownership of the stock. Company insiders own 6.44% of the company’s stock.

About Exchange Income

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.