Atb Cap Markets Expects Reduced Earnings for Exchange Income

Exchange Income Co. (TSE:EIF) – Equities researchers at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Exchange Income in a note issued to investors on Sunday, November 10th. Atb Cap Markets analyst C. Murray now expects that the company will earn $3.01 per share for the year, down from their prior estimate of $3.04. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Atb Cap Markets also issued estimates for Exchange Income’s Q4 2024 earnings at $0.87 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $0.97 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $1.51 EPS and Q3 2026 earnings at $1.93 EPS.

Other equities analysts have also issued reports about the company. National Bankshares increased their price objective on Exchange Income from C$61.00 to C$68.00 in a report on Monday. Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th. TD Securities cut their price objective on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. ATB Capital increased their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$67.61.

Exchange Income Stock Performance

Shares of EIF opened at C$55.55 on Tuesday. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$57.69. The firm has a fifty day moving average of C$52.64 and a 200-day moving average of C$48.69. The company has a market cap of C$2.64 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s payout ratio is 109.09%.

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.