ECN Capital (TSE:ECN) Posts Quarterly Earnings Results

ECN Capital (TSE:ECN) released its earnings results on Monday. The company reported C$0.06 EPS for the quarter, FiscalAI reports. ECN Capital had a net margin of 6.98% and a return on equity of 10.01%. The company had revenue of C$92.18 million during the quarter.

ECN Capital Price Performance

ECN stock opened at C$3.10 on Wednesday. ECN Capital has a one year low of C$2.50 and a one year high of C$3.26. The stock has a market capitalization of C$873.37 million, a PE ratio of 62.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.42. The company has a debt-to-equity ratio of 284.21, a quick ratio of 3.81 and a current ratio of 8.03. The company has a fifty day moving average of C$3.07 and a 200-day moving average of C$3.03.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, March 20th. ECN Capital’s dividend payout ratio (DPR) is 57.56%.

About ECN Capital

With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its ” Partners “). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.