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.
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.
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