Exchange Income (TSE:EIF) will release its earnings data after the market closes on Thursday, November 8th. Analysts expect Exchange Income to post earnings of C$0.88 per share for the quarter.
Exchange Income (TSE:EIF) last posted its earnings results on Wednesday, August 8th. The company reported C$0.76 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). The company had revenue of C$313.45 million during the quarter, compared to the consensus estimate of C$309.27 million. Exchange Income had a return on equity of 12.03% and a net margin of 6.41%.
EIF stock opened at C$30.22 on Thursday. Exchange Income has a 12 month low of C$29.15 and a 12 month high of C$37.60.
The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a $0.183 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.27%.
Several research firms have recently issued reports on EIF. TD Securities upped their price objective on Exchange Income from C$46.00 to C$48.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Royal Bank of Canada lowered their price objective on Exchange Income from C$39.00 to C$38.00 and set a “sector perform” rating for the company in a research note on Friday, August 10th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$44.22.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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