FY2024 EPS Forecast for Exchange Income Decreased by Analyst

Exchange Income Co. (TSE:EIF) – Investment analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for shares of Exchange Income in a note issued to investors on Monday, November 11th. Raymond James analyst S. Hansen now expects that the company will earn $2.95 per share for the year, down from their prior estimate of $3.30. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Raymond James also issued estimates for Exchange Income’s FY2025 earnings at $3.52 EPS.

Several other brokerages have also recently commented on EIF. Canaccord Genuity Group increased their target price on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday. CIBC upped their price target on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada raised their price objective on Exchange Income from C$65.00 to C$71.00 in a research note on Thursday. ATB Capital lifted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, TD Securities cut their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$68.28.

Exchange Income Stock Down 0.6 %

EIF stock opened at C$56.16 on Thursday. The company has a market cap of C$2.67 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. 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’s 50-day simple moving average is C$53.05 and its 200 day simple moving average is C$48.89. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$57.69.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.22 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.70%. 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.