MCAN Mortgage (TSE:MKP) Announces Quarterly Earnings Results

MCAN Mortgage (TSE:MKP) announced its quarterly earnings data on Thursday. The company reported C$0.59 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$43.34 million during the quarter. MCAN Mortgage had a net margin of 25.51% and a return on equity of 12.71%.

MCAN Mortgage Stock Performance

Shares of TSE:MKP opened at C$23.59 on Friday. The company’s fifty day moving average is C$25.25 and its 200-day moving average is C$24.15. MCAN Mortgage has a 52 week low of C$20.07 and a 52 week high of C$26.68. The company has a market capitalization of C$960.14 million, a PE ratio of 11.62 and a beta of 0.84.

Analyst Ratings Changes

Separately, National Bank Financial set a C$27.00 target price on shares of MCAN Mortgage and gave the company an “outperform” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$24.67.

MCAN Mortgage Company Profile

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.