Cormark Brokers Increase Earnings Estimates for ECN Capital

ECN Capital Corp. (TSE:ECN) – Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of ECN Capital in a note issued to investors on Tuesday, November 12th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.12. Cormark currently has a “Moderate Buy” rating and a $3.50 target price on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Cormark also issued estimates for ECN Capital’s FY2026 earnings at $0.36 EPS.

ECN has been the topic of several other research reports. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. CIBC boosted their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. BMO Capital Markets lifted their price objective on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ECN Capital currently has an average rating of “Hold” and an average target price of C$2.66.

ECN Capital Stock Performance

ECN Capital stock opened at C$2.90 on Thursday. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.25. The stock has a 50-day simple moving average of C$2.21 and a 200 day simple moving average of C$1.99. The stock has a market capitalization of C$815.25 million, a price-to-earnings ratio of -8.94, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.38%. ECN Capital’s dividend payout ratio is -12.12%.

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.