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.
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%.
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.
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