Leede Financial Raises Earnings Estimates for Extendicare

Extendicare Inc. (TSE:EXEFree Report) – Leede Financial lifted their FY2024 earnings estimates for Extendicare in a report issued on Wednesday, November 13th. Leede Financial analyst D. Loe now forecasts that the company will earn $1.03 per share for the year, up from their previous estimate of $0.89. The consensus estimate for Extendicare’s current full-year earnings is $0.61 per share. Leede Financial also issued estimates for Extendicare’s FY2027 earnings at $1.49 EPS.

Several other analysts have also recently issued reports on EXE. Royal Bank of Canada increased their price objective on Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th. TD Securities increased their price target on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research report on Thursday.

View Our Latest Analysis on EXE

Extendicare Trading Up 1.3 %

Shares of EXE stock opened at C$10.14 on Friday. The company has a 50 day moving average price of C$9.27 and a 200 day moving average price of C$8.15. The stock has a market capitalization of C$846.39 million, a P/E ratio of 14.91 and a beta of 1.26. The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60. Extendicare has a fifty-two week low of C$6.41 and a fifty-two week high of C$10.43.

Extendicare Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.04 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.73%. Extendicare’s payout ratio is 70.59%.

About Extendicare

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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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