Exchange Income's (EIF) “Buy” Rating Reiterated at Cormark

Cormark restated their buy rating on shares of Exchange Income (TSE:EIF) in a research report released on Tuesday, December 18th. The brokerage currently has a C$39.00 price objective on the stock. Cormark also issued estimates for Exchange Income’s Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.76 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $0.89 EPS and FY2019 earnings at $3.36 EPS.

Separately, TD Securities reduced their price objective on Exchange Income from C$48.00 to C$45.00 and set a buy rating on the stock in a research report on Monday, November 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$41.42.

Shares of TSE:EIF traded up C$0.03 on Tuesday, hitting C$29.10. The company’s stock had a trading volume of 39,300 shares, compared to its average volume of 63,922. Exchange Income has a 1 year low of C$25.58 and a 1 year high of C$35.74. The company has a quick ratio of 1.26, a current ratio of 2.32 and a debt-to-equity ratio of 160.41.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Thursday, November 8th. The company reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.88 by C$0.06. The business had revenue of C$308.18 million during the quarter, compared to analysts’ expectations of C$300.38 million. On average, analysts expect that Exchange Income will post 3.26999993285421 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.183 dividend. This represents a $2.20 annualized dividend and a yield of 7.55%. The ex-dividend date of this dividend is Friday, December 28th. Exchange Income’s dividend payout ratio (DPR) is currently 100.07%.

In other Exchange Income news, Director Edward Warkentin acquired 3,554 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was acquired at an average price of C$27.95 per share, for a total transaction of C$99,334.30.

About Exchange Income

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.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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