Cormark Comments on ECN Capital Corp’s Q1 2018 Earnings (ECN)
ECN Capital Corp (TSE:ECN) – Investment analysts at Cormark dropped their Q1 2018 earnings per share (EPS) estimates for shares of ECN Capital Corp in a report issued on Tuesday. Cormark analyst J. Fenwick now expects that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.06. Cormark also issued estimates for ECN Capital Corp’s Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.24 EPS.
A number of other equities research analysts have also weighed in on ECN. Scotiabank boosted their target price on ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. TD Securities lowered their target price on ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Thursday, August 10th. Raymond James Financial, Inc. boosted their target price on ECN Capital Corp from C$4.75 to C$5.00 in a research note on Thursday, October 26th. Finally, CSFB boosted their target price on ECN Capital Corp from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Six analysts have rated the stock with a buy rating, ECN Capital Corp currently has an average rating of “Buy” and an average price target of C$5.00.
In other ECN Capital Corp news, Director Donna Elizabeth Toth purchased 10,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of C$3.93 per share, with a total value of C$39,300.00. Also, Director Paul James Stoyan sold 35,000 shares of the company’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. Insiders have acquired a total of 112,800 shares of company stock valued at $438,130 in the last ninety days.
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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, September 28th.
ECN Capital Corp Company Profile
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.
Receive News & Ratings for ECN Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ECN Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.