Extendicare Inc. (TSE:EXE) to Post FY2024 Earnings of $0.61 Per Share, Leede Financial Forecasts

Extendicare Inc. (TSE:EXE) – Leede Financial lowered their FY2024 earnings estimates for shares of Extendicare in a research note issued on Tuesday, August 13th. Leede Financial analyst D. Loe now anticipates that the company will post earnings of $0.61 per share for the year, down from their prior forecast of $0.73. The consensus estimate for Extendicare’s current full-year earnings is $0.47 per share.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 37.03% and a net margin of 2.63%. The company had revenue of C$348.48 million during the quarter, compared to analyst estimates of C$360.20 million.

Other research analysts have also recently issued reports about the stock. TD Securities upped their price objective on shares of Extendicare from C$8.00 to C$9.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Extendicare from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Tuesday, May 21st.

Extendicare Stock Performance

TSE:EXE opened at C$8.19 on Thursday. The stock has a market cap of C$682.88 million, a P/E ratio of 19.98 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 0.82 and a debt-to-equity ratio of 365.69. The business’s 50-day moving average price is C$7.48 and its two-hundred day moving average price is C$7.36. Extendicare has a twelve month low of C$5.75 and a twelve month high of C$8.40.

Extendicare Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.86%. Extendicare’s dividend payout ratio is 117.07%.

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.