ECN Capital Corp (TSE:ECN) – Analysts at National Bank Financial raised their FY2018 earnings per share (EPS) estimates for ECN Capital in a report issued on Tuesday, November 13th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $0.26 per share for the year, up from their previous estimate of $0.23. National Bank Financial has a “Outperform” rating and a $4.50 price target on the stock. National Bank Financial also issued estimates for ECN Capital’s Q2 2019 earnings at $0.08 EPS and FY2019 earnings at $0.30 EPS.

ECN Capital (TSE:ECN) last announced its quarterly earnings results on Monday, November 12th. The company reported C$0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.01). The business had revenue of C$85.63 million for the quarter, compared to analysts’ expectations of C$65.00 million.

ECN has been the subject of several other reports. BMO Capital Markets cut their price target on shares of ECN Capital from C$5.60 to C$5.00 in a report on Friday, August 10th. CIBC cut their price target on shares of ECN Capital from C$5.50 to C$5.25 in a report on Tuesday, November 13th. TD Securities cut their price target on shares of ECN Capital from C$5.50 to C$5.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, Raymond James cut their price target on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a report on Tuesday, September 25th. Seven analysts have rated the stock with a buy rating, ECN Capital currently has an average rating of “Buy” and a consensus target price of C$4.84.

Shares of TSE:ECN opened at C$3.26 on Friday. The company has a current ratio of 8.84, a quick ratio of 7.51 and a debt-to-equity ratio of 68.03. ECN Capital has a one year low of C$3.13 and a one year high of C$4.18.

In related news, Director William Wayne Lovatt acquired 100,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was bought at an average cost of C$3.27 per share, with a total value of C$327,000.00. Also, Director Steven Kenneth Hudson acquired 210,777 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$800,952.60. Insiders have bought a total of 444,477 shares of company stock valued at $1,637,500 over the last ninety days.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, December 28th. ECN Capital’s dividend payout ratio is currently 22.47%.

ECN Capital Company Profile

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

Further Reading: Institutional Investors

Earnings History and Estimates for ECN Capital (TSE:ECN)

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