Q4 EPS Estimates for Exchange Income Reduced by Analyst

Exchange Income Co. (TSE:EIF) – Equities researchers at Raymond James decreased their Q4 2024 earnings estimates for Exchange Income in a research report issued to clients and investors on Monday, November 11th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $0.80 for the quarter, down from their previous estimate of $0.93. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share.

Several other research firms have also issued reports on EIF. Ventum Financial set a C$74.00 price target on Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. TD Securities dropped their target price on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. ATB Capital raised their price target on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their target price on shares of Exchange Income from C$65.00 to C$71.00 in a report on Thursday. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$68.28.

Exchange Income Stock Up 0.7 %

Shares of Exchange Income stock opened at C$56.48 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The business has a 50-day moving average price of C$52.92 and a 200 day moving average price of C$48.82. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$57.69. The firm has a market cap of C$2.68 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.22 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.67%. Exchange Income’s payout ratio 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.