ECN Capital (ECN) to Release Quarterly Earnings on Thursday

ECN Capital (TSE:ECN) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.

ECN Capital (TSE:ECN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The business had revenue of C$79.37 million during the quarter, compared to analyst estimates of C$75.42 million.

ECN Capital Trading Up 0.5 %

TSE ECN opened at C$2.19 on Wednesday. The firm has a 50 day simple moving average of C$2.14 and a 200-day simple moving average of C$1.95. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. ECN Capital has a one year low of C$1.60 and a one year high of C$3.10. The firm has a market cap of C$615.65 million, a price-to-earnings ratio of -6.64, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, September 13th. ECN Capital’s payout ratio is -12.12%.

Analyst Ratings Changes

Several research analysts have recently commented on ECN shares. CIBC raised their price objective on shares of ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th. BMO Capital Markets lifted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$2.48.

About ECN Capital

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.