ECN Capital Corp (TSE:ECN) – Investment analysts at Raymond James lifted their Q2 2019 earnings per share (EPS) estimates for ECN Capital in a research note issued on Thursday, May 9th. Raymond James analyst B. Phelan now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their prior forecast of $0.05. Raymond James has a “Market Perform” rating and a $4.50 price target on the stock. Raymond James also issued estimates for ECN Capital’s Q3 2019 earnings at $0.08 EPS, FY2019 earnings at $0.26 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.11 EPS and FY2020 earnings at $0.35 EPS.
Several other research firms have also commented on ECN. National Bank Financial upped their target price on ECN Capital from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Thursday, May 9th. BMO Capital Markets upped their target price on ECN Capital from C$5.50 to C$6.00 in a report on Thursday, May 9th. Royal Bank of Canada upped their target price on ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Cormark upped their target price on ECN Capital from C$4.50 to C$5.25 in a report on Monday, February 4th. Finally, CIBC lowered their target price on ECN Capital from C$5.25 to C$5.00 in a report on Monday, January 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$5.18.
ECN Capital (TSE:ECN) last announced its quarterly earnings data on Thursday, February 28th. The company reported C$0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.06 by C($0.01). The company had revenue of C$67.38 million during the quarter, compared to analysts’ expectations of C$79.17 million.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from ECN Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 1.81%. ECN Capital’s dividend payout ratio is -6.09%.
About ECN Capital
ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.
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