FY2017 EPS Estimates for ECN Capital Corp (ECN) Lifted by National Bank Financial
ECN Capital Corp (TSE:ECN) – Stock analysts at National Bank Financial upped their FY2017 earnings estimates for shares of ECN Capital Corp in a research report issued to clients and investors on Tuesday. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.15 per share for the year, up from their previous estimate of $0.14. National Bank Financial also issued estimates for ECN Capital Corp’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS and FY2018 earnings at $0.17 EPS.
ECN has been the topic of a number of other reports. Scotiabank lifted their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. TD Securities lifted their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Monday, October 16th. CSFB lifted their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Finally, Raymond James Financial, Inc. lifted their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 in a research note on Thursday, October 26th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$5.00.
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ECN Capital Corp (TSE ECN) opened at C$4.11 on Friday. ECN Capital Corp has a one year low of C$2.79 and a one year high of C$4.40.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 28th. ECN Capital Corp’s payout ratio is -30.77%.
In other news, Director Paul James Stoyan sold 35,000 shares of ECN Capital Corp stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$3.80, for a total value of C$133,000.00.
ECN Capital Corp Company Profile
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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