FY2024 EPS Estimates for ECN Capital Increased by Analyst

ECN Capital Corp. (TSE:ECN) – Stock analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of ECN Capital in a research report issued to clients and investors on Monday, November 11th. Raymond James analyst S. Boland now expects that the company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.14. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Raymond James also issued estimates for ECN Capital’s Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.25 EPS.

A number of other research analysts have also recently weighed in on the stock. National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. BMO Capital Markets raised their price objective on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. CIBC increased their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Finally, Cormark boosted their price target on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$2.66.

ECN Capital Trading Down 1.7 %

Shares of ECN opened at C$2.90 on Wednesday. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.25. The firm has a market capitalization of C$815.25 million, a P/E ratio of -8.94, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The stock’s fifty day simple moving average is C$2.21 and its 200 day simple moving average is C$1.99.

ECN Capital Dividend Announcement

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

ECN Capital Company Profile

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.