Extendicare (EXETF) to Release Quarterly Earnings on Thursday

Extendicare (OTCMKTS:EXETF) is expected to be issuing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.1928 per share and revenue of $519.80 million for the quarter.

Extendicare Stock Up 4.3%

Shares of EXETF opened at $18.72 on Tuesday. Extendicare has a one year low of $8.04 and a one year high of $18.72. The business has a fifty day moving average of $16.68 and a 200 day moving average of $13.48.

Extendicare Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.03 per share. This represents a dividend yield of 244.0%. The ex-dividend date was Friday, November 28th. Extendicare’s payout ratio is currently -185.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXETF. Royal Bank Of Canada upgraded shares of Extendicare from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 4th. National Bank Financial reiterated an “outperform” rating on shares of Extendicare in a research report on Thursday, December 4th. BMO Capital Markets upgraded shares of Extendicare from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, TD Securities restated a “hold” rating on shares of Extendicare in a research note on Friday, November 14th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Extendicare presently has an average rating of “Moderate Buy”.

Extendicare Company Profile

Extendicare Inc (OTCMKTS:EXETF) is a Canada-based senior care provider headquartered in Markham, Ontario. The company specializes in the ownership and operation of long-term care homes, retirement residences and home health care services. It is publicly listed on the Toronto Stock Exchange under the symbol EXE and trades in the over-the-counter market as EXETF.

Extendicare’s operations are organized into two primary segments. The Long-Term Care & Retirement Living division operates approximately 120 facilities under the Extendicare and EspritVitalité banners, serving residents in Ontario, Alberta, Saskatchewan and parts of Atlantic Canada.