Exchange Income (EIF) Set to Announce Earnings on Thursday

Exchange Income (TSE:EIF) will be releasing its earnings data after the market closes on Thursday, August 8th. Analysts expect Exchange Income to post earnings of C$0.82 per share for the quarter.

Exchange Income (TSE:EIF) last announced its earnings results on Tuesday, May 7th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.03. Exchange Income had a return on equity of 10.68% and a net margin of 4.66%. The business had revenue of C$601.77 million during the quarter, compared to analyst estimates of C$602.66 million.

Exchange Income Price Performance

Shares of TSE:EIF opened at C$47.37 on Wednesday. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$50.64. The business has a 50 day simple moving average of C$45.90 and a two-hundred day simple moving average of C$46.90. The firm has a market capitalization of C$2.24 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06. The company has a debt-to-equity ratio of 164.53, a current ratio of 1.91 and a quick ratio of 1.13.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $2.64 annualized dividend and a dividend yield of 5.57%. Exchange Income’s dividend payout ratio (DPR) is presently 102.33%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on Exchange Income from C$62.00 to C$66.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$64.06.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.