Exchange Income (TSE:EIF) Posts Earnings Results

Exchange Income (TSE:EIF) issued its quarterly earnings results on Monday. The company reported C$0.61 earnings per share (EPS) for the quarter, FiscalAI reports. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. The business had revenue of C$866.58 million during the quarter.

Exchange Income Stock Down 0.9%

Shares of Exchange Income stock opened at C$97.89 on Tuesday. Exchange Income has a 1 year low of C$53.21 and a 1 year high of C$111.00. The company has a market cap of C$5.51 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91. The stock has a 50-day moving average price of C$102.95 and a 200 day moving average price of C$92.35.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EIF. Raymond James Financial boosted their price objective on Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a report on Thursday, February 26th. Desjardins upped their target price on shares of Exchange Income from C$114.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. National Bank Financial lifted their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, BMO Capital Markets raised their target price on shares of Exchange Income from C$100.00 to C$111.00 and gave the company a “market perform” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and a consensus price target of C$116.96.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the sale, the director directly owned 6,080 shares of the company’s stock, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is owned by corporate insiders.

About Exchange Income

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.