Exchange Income (TSE:EIF) PT Raised to C$66.00

Exchange Income (TSE:EIF) had its price objective hoisted by Canaccord Genuity Group from C$62.00 to C$66.00 in a research report released on Monday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Exchange Income Trading Down 0.1 %

EIF opened at C$47.65 on Monday. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$54.25. The company has a debt-to-equity ratio of 164.53, a current ratio of 1.91 and a quick ratio of 1.13. The company’s 50 day simple moving average is C$45.55 and its two-hundred day simple moving average is C$46.68. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.03. The business had revenue of C$601.77 million for the quarter, compared to analyst estimates of C$602.66 million. Exchange Income had a return on equity of 10.68% and a net margin of 4.66%. Analysts expect that Exchange Income will post 3.25 EPS for the current fiscal year.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.22 per share. The ex-dividend date was Friday, June 28th. This represents a $2.64 annualized dividend and a dividend yield of 5.54%. Exchange Income’s dividend payout ratio is presently 102.33%.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.