ECN Capital (TSE:ECN) Posts Quarterly Earnings Results

ECN Capital (TSE:ECN) posted its earnings results on Monday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. ECN Capital had a return on equity of 10.01% and a net margin of 6.98%.The firm had revenue of C$92.18 million for the quarter.

ECN Capital Price Performance

ECN opened at C$3.10 on Tuesday. The company has a fifty day moving average price of C$3.07 and a 200-day moving average price of C$3.03. The firm has a market capitalization of C$873.37 million, a P/E ratio of 62.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.42. The company has a debt-to-equity ratio of 284.21, a current ratio of 8.03 and a quick ratio of 3.81. ECN Capital has a one year low of C$2.50 and a one year high of C$3.26.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, March 20th. ECN Capital’s dividend payout ratio is 57.56%.

ECN Capital Company Profile

With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its ” Partners “). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.