Q2 2019 Earnings Forecast for Exchange Income Co. Issued By Cormark (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Research analysts at Cormark cut their Q2 2019 earnings per share (EPS) estimates for Exchange Income in a research note issued on Wednesday, March 27th, according to Zacks Investment Research. Cormark analyst D. Ocampo now expects that the company will post earnings of $0.91 per share for the quarter, down from their previous forecast of $0.92. Cormark also issued estimates for Exchange Income’s Q4 2019 earnings at $0.85 EPS, Q1 2020 earnings at $0.52 EPS, Q2 2020 earnings at $1.06 EPS, Q3 2020 earnings at $1.22 EPS, Q4 2020 earnings at $0.95 EPS, FY2020 earnings at $3.84 EPS, FY2021 earnings at $4.15 EPS, FY2022 earnings at $4.38 EPS and FY2023 earnings at $4.64 EPS.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Wednesday, February 20th. The company reported C$0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.78 by C$0.01. The business had revenue of C$315.74 million for the quarter, compared to analysts’ expectations of C$302.61 million.

A number of other brokerages also recently commented on EIF. Raymond James reissued a “strong-buy” rating and set a C$49.00 price objective on shares of Exchange Income in a research report on Monday, February 25th. National Bank Financial reissued an “outperform” rating and set a C$42.00 price objective on shares of Exchange Income in a research report on Wednesday, March 27th. CIBC boosted their price objective on Exchange Income from C$37.50 to C$38.50 and gave the stock a “sell” rating in a research report on Friday, February 22nd. TD Securities lowered their price objective on Exchange Income from C$45.00 to C$44.00 and set a “buy” rating for the company in a research report on Monday, February 25th. Finally, Laurentian set a C$45.50 price target on Exchange Income in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$42.29.

TSE:EIF traded up C$0.25 on Thursday, reaching C$34.78. 48,600 shares of the company’s stock were exchanged, compared to its average volume of 87,719. The company has a debt-to-equity ratio of 158.99, a current ratio of 2.26 and a quick ratio of 1.22. The firm has a market capitalization of $1.10 billion and a PE ratio of 15.94. Exchange Income has a 52-week low of C$25.58 and a 52-week high of C$35.74.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.183 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Monday, April 29th. Exchange Income’s dividend payout ratio (DPR) is 100.37%.

Exchange Income Company Profile

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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Earnings History and Estimates for Exchange Income (TSE:EIF)

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