Extendicare (TSE:EXE) Reaches New 52-Week High at $8.79

Posted by Eileen French on Sep 5th, 2024

Extendicare Inc. (TSE:EXE – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.79 and last traded at C$8.79, with a volume of 112426 shares trading hands. The stock had previously closed at C$8.66.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EXE shares. Royal Bank of Canada raised their target price on shares of Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th. TD Securities boosted their price objective on Extendicare from C$9.00 to C$9.50 and gave the stock a “hold” rating in a research note on Wednesday.

View Our Latest Report on EXE

Extendicare Price Performance

The company has a fifty day moving average of C$7.80 and a 200-day moving average of C$7.51. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80. The stock has a market cap of C$741.21 million, a PE ratio of 13.06 and a beta of 1.26.

Extendicare (TSE:EXE – Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.29 earnings per share (EPS) for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. The company had revenue of C$348.48 million for the quarter, compared to analyst estimates of C$360.20 million.

Extendicare Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.04 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 5.41%. Extendicare’s dividend payout ratio (DPR) is presently 70.59%.

About Extendicare

(Get Free Report)

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.