What is Cormark’s Forecast for ECN Capital FY2024 Earnings?

ECN Capital Corp. (TSE:ECN) – Research analysts at Cormark boosted their FY2024 earnings per share (EPS) estimates for shares of ECN Capital in a research note issued to investors on Tuesday, November 12th. Cormark analyst J. Fenwick now expects that the company will post earnings of $0.15 per share for the year, up from their prior forecast of $0.12. Cormark has a “Moderate Buy” rating and a $3.50 price target on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Cormark also issued estimates for ECN Capital’s FY2026 earnings at $0.36 EPS.

A number of other analysts have also commented on the stock. National Bankshares boosted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets raised their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, CIBC increased their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ECN Capital currently has an average rating of “Hold” and an average price target of C$2.66.

ECN Capital Trading Down 0.3 %

TSE ECN opened at C$2.95 on Thursday. ECN Capital has a 52 week low of C$1.60 and a 52 week high of C$3.25. The business has a 50 day moving average price of C$2.20 and a 200-day moving average price of C$1.99. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The company has a market cap of C$829.30 million, a price-to-earnings ratio of -9.00, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.36%. ECN Capital’s dividend payout ratio is currently -12.12%.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.