Cormark Weighs in on Exchange Income Co.’s Q4 2018 Earnings (TSE:EIF)

Exchange Income Co. (TSE:EIF) – Equities research analysts at Cormark increased their Q4 2018 EPS estimates for Exchange Income in a research note issued to investors on Wednesday, Zacks Investment Research reports. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $0.64 for the quarter, up from their previous estimate of $0.63.

Other equities analysts also recently issued reports about the stock. National Bank Financial reissued an “outperform” rating and issued a C$44.00 price target on shares of Exchange Income in a research note on Thursday, December 21st. TD Securities raised their price target on shares of Exchange Income from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Royal Bank of Canada raised their price target on shares of Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 15th. Laurentian decreased their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Finally, Laurentian Bank of Canada decreased their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Exchange Income has a consensus rating of “Buy” and an average price target of C$43.50.

Exchange Income (TSE EIF) opened at C$33.78 on Friday. The stock has a market cap of $1,050.00, a price-to-earnings ratio of 16.40 and a beta of 0.70. Exchange Income has a twelve month low of C$25.80 and a twelve month high of C$42.63.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be given a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a yield of 6.22%. The ex-dividend date is Thursday, December 28th. Exchange Income’s payout ratio is currently 101.58%.

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About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

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