Q3 2017 Earnings Forecast for ECN Capital Corp Issued By National Bank Financial (ECN)
ECN Capital Corp (TSE:ECN) – Analysts at National Bank Financial reduced their Q3 2017 earnings per share estimates for ECN Capital Corp in a report released on Thursday. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.04. National Bank Financial also issued estimates for ECN Capital Corp’s Q4 2017 earnings at $0.04 EPS and FY2017 earnings at $0.14 EPS.
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Other research analysts have also issued research reports about the stock. Raymond James Financial, Inc. raised their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 in a research note on Thursday. TD Securities decreased their price target on shares of ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating on the stock in a research report on Thursday, August 17th. CSFB lifted their price target on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Scotiabank lifted their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$5.00.
Shares of ECN Capital Corp (TSE:ECN) opened at 4.21 on Monday. The company has a 50 day moving average price of $3.92 and a 200-day moving average price of $3.85. ECN Capital Corp has a 12-month low of $2.60 and a 12-month high of $4.25. The firm has a market cap of $1.64 billion and a PE ratio of 5.87.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.01 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.04 annualized dividend and a yield of 0.95%.
In related news, Director Paul James Stoyan sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of C$3.80, for a total value of C$133,000.00. Also, insider Sandra Lorena Ceccacci acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of C$3.90 per share, with a total value of C$156,000.00. In the last 90 days, insiders acquired 112,800 shares of company stock worth $438,130.
About ECN Capital Corp
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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