Exchange Income FY2024 EPS Forecast Cut by Raymond James

Exchange Income Co. (TSE:EIF) – Equities researchers at Raymond James reduced their FY2024 earnings per share estimates for shares of Exchange Income in a research note issued on Monday, November 11th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $2.95 per share for the year, down from their previous forecast of $3.30. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Raymond James also issued estimates for Exchange Income’s FY2025 earnings at $3.52 EPS.

Several other equities analysts have also recently commented on EIF. Canaccord Genuity Group boosted their price target on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday. CIBC raised their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. National Bankshares increased their price target on shares of Exchange Income from C$61.00 to C$68.00 in a research note on Monday. Finally, ATB Capital upped their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$67.61.

Exchange Income Stock Performance

EIF stock opened at C$56.08 on Thursday. The stock has a market cap of C$2.66 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The firm has a 50 day simple moving average of C$52.77 and a 200 day simple moving average of C$48.76. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$57.69.

Exchange Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is currently 109.09%.

About Exchange Income

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.