ECN Capital Corp (TSE:ECN) – Stock analysts at Raymond James dropped their Q4 2020 earnings per share (EPS) estimates for shares of ECN Capital in a research note issued on Thursday, August 8th. Raymond James analyst B. Phelan now expects that the company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.11. Raymond James currently has a “Market Perform” rating and a $5.25 price objective on the stock.
A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets upped their price target on shares of ECN Capital from C$5.50 to C$6.00 in a research note on Thursday, May 9th. CIBC upped their price target on shares of ECN Capital from C$5.00 to C$5.25 in a research note on Thursday, August 8th. National Bank Financial upped their price target on shares of ECN Capital from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Royal Bank of Canada upped their price target on shares of ECN Capital from C$5.00 to C$5.50 in a research note on Thursday, August 8th. Finally, TD Securities increased their target price on shares of ECN Capital from C$5.00 to C$5.50 and gave the company a “buy” rating in a research note on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$5.54.
ECN Capital (TSE:ECN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.07 by C$0.01. The business had revenue of C$82.94 million for the quarter, compared to analysts’ expectations of C$86.40 million.
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, June 27th. ECN Capital’s dividend payout ratio is currently -7.06%.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.
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