Exchange Income Co. to Post FY2020 Earnings of $3.59 Per Share, Cormark Forecasts (EIF)
Exchange Income Co. (TSE:EIF) – Equities research analysts at Cormark reduced their FY2020 earnings per share (EPS) estimates for shares of Exchange Income in a report issued on Monday, November 12th. Cormark analyst D. Tyerman now forecasts that the company will earn $3.59 per share for the year, down from their prior forecast of $3.65. Cormark also issued estimates for Exchange Income’s FY2021 earnings at $3.71 EPS and FY2022 earnings at $3.85 EPS.
A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Exchange Income from C$39.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Friday, August 10th. TD Securities increased their target price on shares of Exchange Income from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$43.00.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a $0.183 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Tuesday, October 30th. Exchange Income’s dividend payout ratio is currently 101.81%.
About Exchange Income
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.
Further Reading: How to Invest in a Bull Market
Receive News & Ratings for Exchange Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exchange Income and related companies with MarketBeat.com's FREE daily email newsletter.