Shares of ECN Capital Corp. (TSE:ECN – Get Free Report) were up 1% during mid-day trading on Tuesday . The company traded as high as C$2.08 and last traded at C$2.06. Approximately 124,237 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 350,495 shares. The stock had previously closed at C$2.04.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. CIBC lifted their price objective on ECN Capital from C$2.00 to C$2.25 in a research report on Thursday, August 8th. Finally, National Bankshares boosted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$2.48.
Get Our Latest Analysis on ECN
ECN Capital Stock Up 1.5 %
ECN Capital (TSE:ECN – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. The firm had revenue of C$79.37 million for the quarter, compared to the consensus estimate of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. As a group, sell-side analysts forecast that ECN Capital Corp. will post 0.2434679 EPS for the current year.
ECN Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be given a $0.01 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.95%. ECN Capital’s dividend payout ratio is presently -12.50%.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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