ECN Capital Corp (ECN) to Release Quarterly Earnings on Tuesday

ECN Capital Corp (TSE:ECN) will issue its quarterly earnings data after the market closes on Tuesday, November 14th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

Shares of ECN Capital Corp (TSE:ECN) traded down C$0.01 during mid-day trading on Tuesday, hitting C$4.18. The stock had a trading volume of 19,425 shares, compared to its average volume of 1,050,000. ECN Capital Corp has a one year low of C$2.60 and a one year high of C$4.40.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.96%.

A number of equities analysts have recently commented on the company. Scotiabank raised their price objective on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. TD Securities cut their price objective on ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating on the stock in a report on Thursday, August 10th. Raymond James Financial, Inc. raised their price objective on ECN Capital Corp from C$4.75 to C$5.00 in a report on Thursday, October 26th. Finally, CSFB raised their price objective on ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a buy rating, ECN Capital Corp presently has an average rating of “Buy” and a consensus target price of C$5.00.

In other ECN Capital Corp news, insider Sandra Lorena Ceccacci acquired 47,800 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of C$3.85 per share, for a total transaction of C$184,030.00. Also, Director Donna Elizabeth Toth acquired 10,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of C$3.93 per share, with a total value of C$39,300.00. In the last 90 days, insiders have acquired 112,800 shares of company stock valued at $438,130.

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ECN Capital Corp Company Profile

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.

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