ECN Capital (ECN) Scheduled to Post Earnings on Monday

ECN Capital (TSE:ECN) is set to release its earnings data after the market closes on Monday, November 12th. Analysts expect ECN Capital to post earnings of C$0.08 per share for the quarter.

ECN Capital (TSE:ECN) last issued its quarterly earnings data on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. The business had revenue of C$79.58 million for the quarter, compared to analyst estimates of C$55.90 million.

Shares of TSE:ECN opened at C$3.29 on Friday. The company has a debt-to-equity ratio of 68.03, a current ratio of 8.84 and a quick ratio of 7.51. ECN Capital has a 12-month low of C$3.27 and a 12-month high of C$4.18.

A number of brokerages recently issued reports on ECN. TD Securities cut their price objective on ECN Capital from C$5.50 to C$5.00 and set a “buy” rating for the company in a research report on Monday, October 29th. BMO Capital Markets cut their price objective on ECN Capital from C$5.60 to C$5.00 in a research report on Friday, August 10th. Raymond James cut their price objective on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, September 25th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of ECN Capital in a research report on Tuesday, August 7th. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$4.93.

In other news, Director Steven Kenneth Hudson bought 15,000 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was bought at an average cost of C$3.82 per share, with a total value of C$57,300.00. Also, Director Paul James Stoyan bought 25,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average cost of C$3.61 per share, with a total value of C$90,250.00. Over the last ninety days, insiders acquired 585,677 shares of company stock valued at $2,168,260.

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About ECN Capital

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

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Earnings History for ECN Capital (TSE:ECN)

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