FY2024 EPS Estimates for ECN Capital Corp. Cut by Analyst (TSE:ECN)

ECN Capital Corp. (TSE:ECN) – Cormark cut their FY2024 earnings per share (EPS) estimates for ECN Capital in a report issued on Monday, March 25th. Cormark analyst J. Fenwick now expects that the company will post earnings of $0.14 per share for the year, down from their previous estimate of $0.18. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Cormark also issued estimates for ECN Capital’s FY2025 earnings at $0.20 EPS.

ECN has been the subject of several other reports. TD Securities lowered their target price on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada decreased their price objective on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a report on Friday, March 22nd. BMO Capital Markets decreased their price objective on ECN Capital from C$2.60 to C$2.00 in a report on Tuesday. CIBC decreased their price objective on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a report on Monday. Finally, National Bankshares decreased their price objective on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$2.45.

ECN Capital Stock Up 4.4 %

Shares of ECN Capital stock opened at C$1.91 on Tuesday. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The firm has a market cap of C$534.70 million, a P/E ratio of -3.24, a P/E/G ratio of 0.24 and a beta of 1.29. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.38. The business has a 50-day moving average price of C$2.59 and a 200 day moving average price of C$2.49.

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson bought 200,000 shares of ECN Capital stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average price of C$1.89 per share, for a total transaction of C$377,400.00. 17.99% of the stock is owned by corporate insiders.

ECN Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 19th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, April 8th. ECN Capital’s payout ratio is presently -6.78%.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.