Exchange Income (EIF) to Release Earnings on Thursday

Exchange Income (TSE:EIF) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Exchange Income to post earnings of C$1.19 per share for the quarter.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.78 by C$0.02. The company had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%.

Exchange Income Stock Down 0.2 %

Shares of TSE:EIF opened at C$54.45 on Tuesday. Exchange Income has a fifty-two week low of C$42.83 and a fifty-two week high of C$56.59. The firm’s 50 day moving average price is C$51.92 and its 200 day moving average price is C$48.31. 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 stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.85%. Exchange Income’s payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. ATB Capital raised their price target on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities decreased their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Canaccord Genuity Group increased their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, CIBC boosted their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$65.28.

About Exchange Income

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.