Extendicare (TSE:EXE) Stock Price Expected to Rise, TD Securities Analyst Says

Extendicare (TSE:EXE) had its price objective boosted by TD Securities from C$9.50 to C$10.50 in a report released on Thursday morning,BayStreet.CA reports.

Separately, Royal Bank of Canada boosted their target price on shares of Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th.

Extendicare Trading Up 1.0 %

EXE stock traded up C$0.10 during mid-day trading on Thursday, reaching C$10.11. 74,668 shares of the stock traded hands, compared to its average volume of 134,430. The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60. Extendicare has a one year low of C$6.41 and a one year high of C$10.43. The stock has a market capitalization of C$843.88 million, a PE ratio of 14.72 and a beta of 1.26. The business has a 50-day moving average price of C$9.21 and a two-hundred day moving average price of C$8.12.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. The business had revenue of C$348.48 million for the quarter, compared to analysts’ expectations of C$360.20 million. Equities research analysts expect that Extendicare will post 0.6134729 EPS for the current year.

Extendicare Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Thursday, October 31st. Extendicare’s dividend payout ratio is currently 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.