Exchange Income (TSE:EIF) is set to announce its earnings results after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of C$0.88 per share for the quarter.
Exchange Income (TSE:EIF) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.79 by C($0.03). The company had revenue of C$313.45 million for the quarter, compared to analysts’ expectations of C$309.27 million.
TSE:EIF opened at C$31.89 on Wednesday. Exchange Income has a fifty-two week low of C$29.15 and a fifty-two week high of C$37.60.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be given a dividend of $0.183 per share. The ex-dividend date is Tuesday, October 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.89%.
EIF has been the subject of several recent research reports. Royal Bank of Canada decreased their price target on shares of Exchange Income from C$39.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Friday, August 10th. TD Securities raised their price target on shares of Exchange Income from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$44.22.
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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