Exchange Income Co. (TSE:EIF) – Equities researchers at Cormark increased their FY2019 EPS estimates for Exchange Income in a research note issued on Monday, November 11th. Cormark analyst D. Ocampo now anticipates that the company will earn $3.03 per share for the year, up from their previous forecast of $2.85. Cormark also issued estimates for Exchange Income’s Q4 2019 earnings at $0.80 EPS, FY2020 earnings at $3.90 EPS, FY2021 earnings at $4.44 EPS, FY2022 earnings at $4.79 EPS and FY2023 earnings at $5.18 EPS.
A number of other equities analysts also recently commented on EIF. Canaccord Genuity lifted their target price on Exchange Income from C$44.00 to C$45.00 in a research note on Monday. Raymond James restated a “strong-buy” rating and issued a C$55.00 target price on shares of Exchange Income in a research note on Monday. AltaCorp Capital lifted their target price on Exchange Income from C$51.00 to C$52.00 in a research note on Monday. TD Securities lifted their target price on Exchange Income from C$46.00 to C$47.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, CIBC lifted their target price on Exchange Income from C$42.00 to C$43.00 in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Exchange Income has a consensus rating of “Buy” and an average price target of C$46.28.
The business also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.19 dividend. This is an increase from Exchange Income’s previous monthly dividend of $0.18. This represents a $2.28 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend was Friday, September 27th. Exchange Income’s payout ratio is presently 99.59%.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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