Exchange Income Co. Forecasted to Earn Q2 2018 Earnings of $0.85 Per Share (EIF)

Exchange Income Co. (TSE:EIF) – Cormark decreased their Q2 2018 EPS estimates for shares of Exchange Income in a research note issued to investors on Thursday, May 10th. Cormark analyst D. Tyerman now forecasts that the company will earn $0.85 per share for the quarter, down from their previous estimate of $0.89. Cormark also issued estimates for Exchange Income’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.91 EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $0.85 EPS and FY2019 earnings at $3.36 EPS.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.55 by C$0.17. The business had revenue of C$263.91 million during the quarter, compared to the consensus estimate of C$254.90 million. Exchange Income had a net margin of 6.41% and a return on equity of 12.03%.

Several other research firms also recently issued reports on EIF. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Exchange Income in a report on Thursday, February 22nd. Scotiabank upped their price objective on shares of Exchange Income from C$43.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. TD Securities upped their price objective on shares of Exchange Income from C$45.00 to C$46.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, CIBC increased their price target on shares of Exchange Income from C$35.00 to C$37.50 and gave the company a “neutral” rating in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$44.22.

Exchange Income opened at C$33.05 on Monday, according to Marketbeat. Exchange Income has a 1 year low of C$25.80 and a 1 year high of C$37.60.

In other Exchange Income news, Director Michael Pyle acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was bought at an average price of C$30.09 per share, for a total transaction of C$30,090.00. Also, insider Adam Terwin acquired 1,900 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was acquired at an average price of C$30.79 per share, with a total value of C$58,501.00. Over the last three months, insiders acquired 4,900 shares of company stock valued at $159,311.

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.183 dividend. The ex-dividend date of this dividend is Friday, April 27th. This is an increase from Exchange Income’s previous monthly dividend of $0.18. This represents a $2.20 dividend on an annualized basis and a yield of 6.64%.

Exchange Income Company Profile

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

Earnings History and Estimates for Exchange Income (TSE:EIF)

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