Exchange Income Co. (EIF) Forecasted to Earn Q4 2018 Earnings of $0.64 Per Share

Exchange Income Co. (TSE:EIF) – Stock analysts at Cormark upped their Q4 2018 earnings estimates for Exchange Income in a report issued on Wednesday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $0.64 for the quarter, up from their prior forecast of $0.63.

Other equities research analysts have also issued reports about the company. Laurentian Bank of Canada dropped their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian dropped their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Canaccord Genuity upped their price target on Exchange Income from C$42.00 to C$42.50 in a research note on Friday, November 17th. TD Securities upped their price target on Exchange Income from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, National Bank Financial restated an “outperform” rating and set a C$44.00 price target on shares of Exchange Income in a research note on Thursday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$43.50.

Shares of Exchange Income (TSE:EIF) traded up C$0.53 during trading hours on Friday, reaching C$35.36. The company’s stock had a trading volume of 154,057 shares, compared to its average volume of 157,774. Exchange Income has a 12 month low of C$25.80 and a 12 month high of C$42.63.

The business also recently announced a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a $0.175 dividend. This represents a $2.10 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Thursday, December 28th. Exchange Income’s payout ratio is 101.58%.

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About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Earnings History and Estimates for Exchange Income (TSE:EIF)

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