FY2018 EPS Estimates for Exchange Income Co. (EIF) Lowered by National Bank Financial
Exchange Income Co. (TSE:EIF) – Equities research analysts at National Bank Financial cut their FY2018 earnings estimates for shares of Exchange Income in a note issued to investors on Wednesday. National Bank Financial analyst T. Johnson now expects that the company will post earnings of $2.44 per share for the year, down from their previous forecast of $2.55. National Bank Financial currently has a “Outperform” rating and a $44.00 target price on the stock.
Other equities research analysts have also issued reports about the company. TD Securities raised their price target on Exchange Income from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Laurentian decreased their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian Bank of Canada decreased their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Raymond James Financial raised their price target on Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, Royal Bank of Canada raised their price target on Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exchange Income has an average rating of “Buy” and a consensus price target of C$43.50.
Shares of Exchange Income (TSE EIF) opened at C$35.09 on Friday. The stock has a market capitalization of $1,080.00, a P/E ratio of 17.03 and a beta of 0.71. Exchange Income has a one year low of C$25.80 and a one year high of C$42.63.
The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Thursday, December 28th. Exchange Income’s dividend payout ratio (DPR) is presently 101.58%.
Exchange Income Company Profile
Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.
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