Leede Financial Boosts Earnings Estimates for Extendicare

Extendicare Inc. (TSE:EXE) – Analysts at Leede Financial increased their FY2024 earnings estimates for Extendicare in a research note issued on Wednesday, November 13th. Leede Financial analyst D. Loe now anticipates that the company will post earnings per share of $1.03 for the year, up from their prior forecast of $0.89. The consensus estimate for Extendicare’s current full-year earnings is $0.61 per share. Leede Financial also issued estimates for Extendicare’s FY2027 earnings at $1.49 EPS.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$348.48 million during the quarter, compared to analysts’ expectations of C$360.20 million. Extendicare had a return on equity of 60.00% and a net margin of 4.28%.

Other research analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th. TD Securities upped their price objective on shares of Extendicare from C$9.50 to C$10.50 in a report on Thursday.

Extendicare Price Performance

TSE:EXE opened at C$10.01 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.60 and a debt-to-equity ratio of 305.80. Extendicare has a 12-month low of C$6.41 and a 12-month high of C$10.43. The stock’s 50 day moving average price is C$9.21 and its two-hundred day moving average price is C$8.12. The firm has a market capitalization of C$835.53 million, a price-to-earnings ratio of 14.72 and a beta of 1.26.

Extendicare Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.80%. Extendicare’s dividend payout ratio (DPR) is currently 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.