ECN Capital Corp (TSE:ECN) – Research analysts at Cormark lifted their Q3 2019 earnings estimates for ECN Capital in a report released on Wednesday. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.07. Cormark also issued estimates for ECN Capital’s FY2019 earnings at $0.28 EPS.
Other equities analysts also recently issued research reports about the company. Raymond James Financial set a C$5.00 price objective on ECN Capital and gave the stock an “outperform” rating in a report on Monday, January 8th. CSFB increased their price objective on ECN Capital from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. TD Securities increased their price objective on ECN Capital from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Royal Bank of Canada dropped their price objective on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a report on Friday, December 15th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$4.86.
ECN Capital (TSE:ECN) last released its quarterly earnings data on Tuesday, November 14th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). ECN Capital had a negative return on equity of 12.24% and a negative net margin of 92.32%.
In related news, Director Steven Kenneth Hudson bought 381,728 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of C$3.93 per share, with a total value of C$1,500,191.04. Also, insider Loreto Grimaldi bought 127,243 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of C$3.93 per share, with a total value of C$500,064.99.
The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. ECN Capital’s payout ratio is currently -30.77%.
ECN Capital 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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