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.

Shares of Exchange Income (TSE:EIF) opened at C$35.09 on Monday. The firm has a market cap of $1,090.00, a PE ratio of 17.03 and a beta of 0.71. Exchange Income has a 1 year low of C$25.80 and a 1 year high of C$42.63.

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.

Earnings History and Estimates for Exchange Income (TSE:EIF)

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