Exchange Income FY2024 EPS Forecast Lowered by Raymond James

Exchange Income Co. (TSE:EIF) – Stock analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Exchange Income in a note issued to investors on Monday, November 11th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $2.95 for the year, down from their previous forecast of $3.30. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Raymond James also issued estimates for Exchange Income’s FY2025 earnings at $3.52 EPS.

A number of other research firms have also issued reports on EIF. TD Securities reduced their target price on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. National Bankshares raised their price target on Exchange Income from C$61.00 to C$68.00 in a report on Monday. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, CIBC increased their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$67.61.

Exchange Income Stock Performance

Shares of EIF opened at C$56.08 on Thursday. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$57.69. The firm has a fifty day moving average of C$52.77 and a 200-day moving average of C$48.76. The company has a market cap of C$2.66 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s payout ratio is 109.09%.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.