Cormark Analysts Boost Earnings Estimates for Exchange Income Co. (EIF)
Exchange Income Co. (TSE:EIF) – Equities researchers at Cormark upped their FY2017 earnings per share (EPS) estimates for shares of Exchange Income in a research report issued to clients and investors on Wednesday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $2.30 per share for the year, up from their previous forecast of $2.28. Cormark also issued estimates for Exchange Income’s Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.93 EPS and FY2018 earnings at $2.85 EPS.
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Exchange Income (TSE EIF) opened at C$35.64 on Monday. Exchange Income has a one year low of C$25.80 and a one year high of C$45.28.
In related news, Director Gary Buckley purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of C$30.04 per share, for a total transaction of C$90,120.00. Also, Director Michael Pyle bought 2,000 shares of Exchange Income stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of C$33.64 per share, with a total value of C$67,280.00. Over the last 90 days, insiders acquired 9,600 shares of company stock valued at $296,454.
About Exchange Income
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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