ECN Capital (ECN) Set to Announce Earnings on Thursday

ECN Capital (TSE:ECN) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect ECN Capital to post earnings of C$0.05 per share for the quarter.

ECN Capital (TSE:ECN) last announced its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$79.37 million for the quarter, compared to analyst estimates of C$75.42 million. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%.

ECN Capital Trading Up 1.4 %

Shares of ECN opened at C$2.22 on Thursday. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.10. The company has a market capitalization of C$624.09 million, a PE ratio of -6.73, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The stock has a fifty day moving average of C$2.14 and a two-hundred day moving average of C$1.95. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 annualized dividend and a yield of 1.80%. ECN Capital’s payout ratio is currently -12.12%.

Analysts Set New Price Targets

A number of research firms have recently commented on ECN. National Bankshares upped their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets increased their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, CIBC lifted their price target on shares of ECN Capital from C$2.00 to C$2.25 in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$2.48.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.