Exchange Income Co. (TSE:EIF) – Investment analysts at Cormark reduced their Q3 2017 EPS estimates for Exchange Income in a research report issued to clients and investors on Friday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $0.72 for the quarter, down from their prior forecast of $0.79. Cormark also issued estimates for Exchange Income’s Q4 2017 earnings at $0.55 EPS, FY2017 earnings at $2.28 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.60 EPS, FY2019 earnings at $2.78 EPS, FY2020 earnings at $2.91 EPS and FY2021 earnings at $3.06 EPS.
EIF has been the topic of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$38.00 target price on shares of Exchange Income in a report on Friday, July 7th. Canaccord Genuity dropped their price objective on shares of Exchange Income from C$44.00 to C$42.00 and set a “buy” rating on the stock in a report on Friday. Scotiabank dropped their price objective on shares of Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities lowered their price target on shares of Exchange Income from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Monday. Finally, CIBC lowered their price target on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$43.56.
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Exchange Income (EIF) opened at 27.05 on Monday. Exchange Income has a 12-month low of $26.77 and a 12-month high of $45.28. The company has a market cap of $836.14 million and a PE ratio of 12.60. The firm has a 50 day moving average price of $31.89 and a 200 day moving average price of $36.66.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.76%. This is a positive change from Exchange Income’s previous monthly dividend of $0.16. The ex-dividend date is Thursday, July 27th.
In other news, insider Carmele Peter acquired 870 shares of Exchange Income stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of C$28.77 per share, with a total value of C$25,029.90. Also, insider Adam Terwin acquired 4,000 shares of Exchange Income stock in a transaction dated Tuesday, May 23rd. The stock was purchased at an average cost of C$34.40 per share, for a total transaction of C$137,600.00. Insiders have acquired a total of 22,413 shares of company stock worth $716,822 over the last three months.
Exchange Income Company Profile
Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.
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