Q3 2024 Earnings Forecast for Exchange Income Co. Issued By Raymond James (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Stock analysts at Raymond James lifted their Q3 2024 earnings per share estimates for shares of Exchange Income in a research note issued on Monday, August 12th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $1.17 per share for the quarter, up from their previous estimate of $1.13. The consensus estimate for Exchange Income’s current full-year earnings is $3.17 per share. Raymond James also issued estimates for Exchange Income’s Q4 2024 earnings at $0.93 EPS and FY2024 earnings at $3.30 EPS.

EIF has been the topic of a number of other reports. CIBC boosted their price objective on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday. ATB Capital boosted their price objective on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities boosted their price objective on Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research note on Monday. Finally, Canaccord Genuity Group boosted their price objective on Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$65.28.

Exchange Income Stock Up 0.9 %

Shares of TSE:EIF opened at C$48.05 on Wednesday. The company has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The business’s 50-day moving average is C$46.18 and its 200-day moving average is C$46.92. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$50.10.

Exchange Income Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Wednesday, July 31st. Exchange Income’s dividend payout ratio (DPR) is currently 109.09%.

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.