Cormark Comments on Exchange Income Co.’s FY2017 Earnings (EIF)

Exchange Income Co. (TSE:EIF) – Stock analysts at Cormark reduced their FY2017 earnings per share (EPS) estimates for shares of Exchange Income in a research report issued on Wednesday. Cormark analyst D. Tyerman now expects that the company will earn $2.29 per share for the year, down from their prior forecast of $2.30. Cormark also issued estimates for Exchange Income’s Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.34 EPS and Q2 2018 earnings at $0.87 EPS.

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity upped their price objective on shares of Exchange Income from C$42.00 to C$42.50 in a research report on Friday, November 17th. Raymond James Financial upped their price objective on shares of Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, November 15th. Laurentian decreased their price objective on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Laurentian Bank of Canada decreased their price objective on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Finally, National Bank Financial upped their price objective on shares of Exchange Income from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$43.50.

Exchange Income (EIF) opened at C$35.09 on Monday. The firm has a market cap of $1,090.00, a P/E ratio of 17.03 and a beta of 0.71. Exchange Income has a 52-week low of C$25.80 and a 52-week high of C$42.63.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Thursday, December 28th. Exchange Income’s payout ratio is currently 101.58%.

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Exchange Income Company Profile

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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