FY2017 EPS Estimates for Enercare Inc. (TSE:ECI) Lowered by National Bank Financial
Enercare Inc. (TSE:ECI) – Analysts at National Bank Financial dropped their FY2017 earnings per share (EPS) estimates for Enercare in a research note issued to investors on Wednesday. National Bank Financial analyst T. Johnson now expects that the company will post earnings of $0.64 per share for the year, down from their previous forecast of $0.79. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Enercare’s FY2018 earnings at $0.77 EPS.
A number of other brokerages have also recently commented on ECI. Royal Bank Of Canada raised shares of Enercare from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$21.00 to C$26.00 in a report on Tuesday, April 25th. TD Securities boosted their price target on shares of Enercare from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Scotiabank boosted their price target on shares of Enercare from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$23.63.
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Shares of Enercare (ECI) traded up 0.44% during midday trading on Friday, reaching $20.49. The company’s stock had a trading volume of 17,782 shares. The stock has a market capitalization of $2.15 billion and a price-to-earnings ratio of 39.03. The company has a 50 day moving average of $20.36 and a 200-day moving average of $19.84. Enercare has a 52 week low of $17.38 and a 52 week high of $21.94.
In other Enercare news, Director Scott Jason Boxer purchased 2,170 shares of Enercare stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of C$18.58 per share, with a total value of C$40,318.60. Also, insider Evelyn Louise Sutherland purchased 5,000 shares of Enercare stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of C$18.10 per share, for a total transaction of C$90,500.00. Insiders have acquired 12,670 shares of company stock worth $232,329 over the last 90 days.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 4.69%.
Enercare Company Profile
Enercare Inc, through its subsidiaries, provides home and commercial services, and energy solutions in Canada and the United States. The company's Home Services segment offers a portfolio of rental water heaters, HVAC, and other assets, as well as contracted and other equipment protection plans; and other chargeable service offerings primarily to residential customers.
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