Cormark Comments on Exchange Income Co.’s FY2017 Earnings (EIF)
Exchange Income Co. (TSE:EIF) – Stock analysts at Cormark reduced their FY2017 earnings per share (EPS) estimates for shares of Exchange Income in a research report issued on Wednesday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $2.29 per share for the year, down from their previous forecast of $2.30. Cormark also issued estimates for Exchange Income’s Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.34 EPS and Q2 2018 earnings at $0.87 EPS.
Several other equities research analysts have also recently weighed in on EIF. TD Securities raised their price objective on shares of Exchange Income from C$42.00 to C$43.00 and gave the company a “buy” rating in a research report on Friday, October 6th. Laurentian lowered their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Laurentian Bank of Canada lowered their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Raymond James Financial lifted their price target on shares of Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada lifted their price target on shares of Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$43.50.
The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Thursday, December 28th. Exchange Income’s dividend payout ratio is 101.58%.
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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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