ECN Capital Corp. (TSE:ECN – Get Free Report) has earned an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$2.48.
ECN has been the subject of a number of research analyst reports. CIBC upped their price objective on ECN Capital from C$2.00 to C$2.25 in a report on Thursday, August 8th. National Bankshares increased their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, BMO Capital Markets increased their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th.
Read Our Latest Stock Analysis on ECN
ECN Capital Stock Performance
ECN Capital (TSE:ECN – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The business had revenue of C$79.37 million for the quarter, compared to analysts’ expectations of C$75.42 million. On average, research analysts predict that ECN Capital will post 0.2434679 earnings per share for the current year.
ECN Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.97%. ECN Capital’s dividend payout ratio (DPR) is presently -12.50%.
About ECN Capital
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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