Extendicare Inc. (TSE:EXE – Get Free Report) reached a new 52-week high during mid-day trading on Monday after Royal Bank of Canada raised their price target on the stock from C$8.50 to C$9.50. The company traded as high as C$8.45 and last traded at C$8.38, with a volume of 36741 shares trading hands. The stock had previously closed at C$8.19.
Separately, TD Securities upped their price objective on Extendicare from C$8.00 to C$9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.
Read Our Latest Stock Report on Extendicare
Extendicare Stock Up 1.0 %
Extendicare (TSE:EXE – Get Free Report) 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 firm had revenue of C$348.48 million for the quarter, compared to the consensus estimate of C$360.20 million. As a group, equities analysts predict that Extendicare Inc. will post 0.4699088 earnings per share for the current fiscal year.
Extendicare Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 5.67%. Extendicare’s dividend payout ratio is presently 117.07%.
Extendicare Company Profile
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.
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