Exchange Income (EIF) Set to Announce Quarterly Earnings on Wednesday

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Exchange Income (TSE:EIF) will issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.79 per share for the quarter.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.39 by C$0.01. The company had revenue of C$297.02 million for the quarter, compared to analyst estimates of C$288.80 million.

EIF stock opened at C$38.06 on Tuesday. The firm’s 50 day moving average is C$38.33. Exchange Income has a 12-month low of C$25.58 and a 12-month high of C$39.34. The company has a debt-to-equity ratio of 187.73, a quick ratio of 1.01 and a current ratio of 1.90. The firm has a market cap of $1.22 billion and a P/E ratio of 17.74.

The business also recently declared a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.183 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.77%. Exchange Income’s payout ratio is 102.10%.

EIF has been the subject of a number of research reports. TD Securities lifted their price target on shares of Exchange Income from C$42.00 to C$46.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. CIBC lifted their price target on shares of Exchange Income from C$38.50 to C$39.50 in a research report on Thursday, May 9th. Finally, Raymond James reiterated a “strong-buy” rating and set a C$49.00 price target on shares of Exchange Income in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exchange Income has a consensus rating of “Buy” and an average target price of C$42.71.

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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Earnings History for Exchange Income (TSE:EIF)

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