Research Analysts Issue Forecasts for Exchange Income Co.’s FY2024 Earnings (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Stock analysts at Cormark cut their FY2024 earnings estimates for shares of Exchange Income in a research note issued to investors on Thursday, July 11th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $3.20 per share for the year, down from their previous estimate of $3.22. The consensus estimate for Exchange Income’s current full-year earnings is $3.25 per share. Cormark also issued estimates for Exchange Income’s FY2025 earnings at $3.95 EPS.

Exchange Income Trading Up 1.1 %

Shares of EIF stock opened at C$46.11 on Friday. The firm has a market capitalization of C$2.18 billion, a PE ratio of 17.87, a P/E/G ratio of 1.42 and a beta of 2.06. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$54.25. The business’s fifty day moving average price is C$45.51 and its 200 day moving average price is C$46.62. The company has a debt-to-equity ratio of 164.53, a current ratio of 1.91 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.03. Exchange Income had a net margin of 4.66% and a return on equity of 10.68%. The firm had revenue of C$601.77 million during the quarter, compared to the consensus estimate of C$602.66 million.

Exchange Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Friday, June 28th. Exchange Income’s dividend payout ratio (DPR) is 102.33%.

About Exchange Income

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.