ECN Capital Corp (ECN) Forecasted to Post FY2018 Earnings of $0.21 Per Share

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ECN Capital Corp (TSE:ECN) – Investment analysts at Cormark issued their FY2018 earnings estimates for ECN Capital in a report issued on Tuesday, November 13th. Cormark analyst J. Fenwick expects that the company will earn $0.21 per share for the year.

Several other brokerages also recently weighed in on ECN. National Bank Financial reduced their target price on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Tuesday. Raymond James reduced their target price on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Tuesday, September 25th. TD Securities increased their target price on shares of ECN Capital from C$5.00 to C$5.50 in a research note on Friday, August 10th. CIBC reduced their target price on shares of ECN Capital from C$5.50 to C$5.25 in a research note on Tuesday. Finally, BMO Capital Markets reduced their target price on shares of ECN Capital from C$5.60 to C$5.00 in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a buy rating, ECN Capital currently has a consensus rating of “Buy” and an average price target of C$4.84.

Shares of ECN opened at C$3.31 on Thursday. ECN Capital has a twelve month low of C$3.13 and a twelve month high of C$4.18. The company has a current ratio of 8.84, a quick ratio of 7.51 and a debt-to-equity ratio of 68.03.

ECN Capital (TSE:ECN) last announced its earnings results on Monday, November 12th. The company reported C$0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.01). The firm had revenue of C$85.63 million for the quarter, compared to analyst estimates of C$65.00 million.

In related news, Director Steven Kenneth Hudson purchased 210,777 shares of ECN Capital stock in a transaction that occurred on Friday, September 14th. The shares were bought at an average price of C$3.80 per share, with a total value of C$800,952.60. Also, Director William Wayne Lovatt purchased 100,000 shares of ECN Capital stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average cost of C$3.27 per share, for a total transaction of C$327,000.00. Insiders purchased a total of 444,477 shares of company stock worth $1,637,500 in the last ninety days.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 28th. ECN Capital’s dividend payout ratio is presently 17.44%.

ECN Capital Company Profile

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

See Also: Cash Flow

Earnings History and Estimates for ECN Capital (TSE:ECN)

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