ECN Capital Corp. (TSE:ECN – Free Report) – Stock analysts at Cormark cut their FY2023 earnings per share (EPS) estimates for shares of ECN Capital in a research report issued to clients and investors on Monday, October 2nd. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.23. The consensus estimate for ECN Capital’s current full-year earnings is $0.31 per share.
Other equities analysts have also recently issued research reports about the company. Raymond James raised ECN Capital from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$3.00 to C$4.00 in a report on Tuesday, August 15th. National Bankshares lowered their price target on ECN Capital from C$4.50 to C$3.50 in a report on Tuesday, August 15th. CIBC lowered their price target on ECN Capital from C$3.00 to C$2.75 and set a “neutral” rating for the company in a report on Thursday, September 28th. Finally, TD Securities lowered their price target on ECN Capital from C$3.50 to C$2.75 and set a “hold” rating for the company in a report on Wednesday, August 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ECN Capital has a consensus rating of “Hold” and a consensus price target of C$3.53.
ECN Capital Price Performance
Shares of TSE ECN opened at C$2.37 on Wednesday. The stock has a market capitalization of C$582.50 million, a PE ratio of -8.46, a P/E/G ratio of 0.24 and a beta of 1.08. The company has a debt-to-equity ratio of 709.37, a current ratio of 9.65 and a quick ratio of 3.81. The business has a fifty day moving average price of C$2.54 and a two-hundred day moving average price of C$2.79. ECN Capital has a fifty-two week low of C$2.23 and a fifty-two week high of C$4.87.
ECN Capital (TSE:ECN – Get Free Report) last announced its quarterly earnings data on Monday, August 14th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.05). The company had revenue of C$50.95 million during the quarter, compared to analyst estimates of C$88.44 million. ECN Capital had a negative net margin of 36.95% and a negative return on equity of 24.88%.
Insider Buying and Selling
In other news, Director Steven Kenneth Hudson acquired 250,000 shares of ECN Capital stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average price of C$2.44 per share, for a total transaction of C$610,000.00. 7.94% of the stock is currently owned by corporate insiders.
ECN Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 1.69%. ECN Capital’s dividend payout ratio is currently -14.29%.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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