Brokers Issue Forecasts for ECN Capital FY2024 Earnings

ECN Capital Corp. (TSE:ECN) – Stock analysts at Raymond James lifted their FY2024 EPS estimates for shares of ECN Capital in a research note issued to investors on Monday, November 11th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.14. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Raymond James also issued estimates for ECN Capital’s Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.25 EPS.

Several other research analysts have also weighed in on the company. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. CIBC increased their price target on ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. BMO Capital Markets raised their price objective on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Cormark upped their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday. Finally, National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ECN Capital presently has a consensus rating of “Hold” and an average target price of C$2.66.

ECN Capital Stock Down 1.7 %

TSE ECN opened at C$2.90 on Wednesday. The business’s fifty day simple moving average is C$2.21 and its 200-day simple moving average is C$1.99. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The firm has a market cap of C$815.25 million, a PE ratio of -8.94, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital has a 52 week low of C$1.60 and a 52 week high of C$3.25.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. ECN Capital’s payout ratio is -12.12%.

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.