Exchange Income Co. (TSE:EIF) Declares $0.22 Monthly Dividend

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Thursday, October 17th, Zacks reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.22 per share on Friday, November 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, October 31st.

Exchange Income Stock Up 0.1 %

EIF stock opened at C$54.72 on Wednesday. The firm has a market capitalization of C$2.60 billion, a PE ratio of 22.61, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. Exchange Income has a twelve month low of C$42.56 and a twelve month high of C$56.59. The stock’s 50 day moving average is C$51.43 and its 200-day moving average is C$48.12.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. The firm had revenue of C$660.58 million for the quarter, compared to the consensus estimate of C$677.10 million. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. Sell-side analysts expect that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EIF has been the topic of several recent analyst reports. ATB Capital lifted their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group lifted their price target on Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. CIBC upped their price objective on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities lowered their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$65.28.

Exchange Income Company Profile

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.