Exchange Income (TSE:EIF) Posts Quarterly Earnings Results

Exchange Income (TSE:EIF) posted its quarterly earnings results on Thursday. The company reported C$1.81 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.06 billion for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%.

Exchange Income Stock Performance

EIF opened at C$125.31 on Friday. Exchange Income has a 12-month low of C$75.27 and a 12-month high of C$136.75. The stock has a market cap of C$7.06 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.42 and a beta of 0.70. The business has a 50 day moving average of C$118.06 and a 200-day moving average of C$115.02. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$129.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Ventum Capital set a C$150.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. ATB Cormark Capital Markets increased their price target on shares of Exchange Income from C$146.00 to C$165.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. National Bank Financial set a C$145.00 price target on shares of Exchange Income and gave the company an “outperform” rating in a research note on Thursday, October 8th. Finally, Desjardins lifted their price objective on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and a consensus price target of C$146.21.

Insider Buying and Selling

In other Exchange Income news, Director Donald Streuber sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the completion of the sale, the director owned 279,299 shares of the company’s stock, valued at C$36,431,761.56. This trade represents a 1.76% decrease in their position. Also, Director Michael Pyle purchased 1,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were acquired at an average cost of C$116.93 per share, with a total value of C$116,930.00. Following the acquisition, the director directly owned 20,337 shares in the company, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their ownership of the stock. Insiders have purchased a total of 1,534 shares of company stock worth $181,356 over the last three months. 6.44% of the stock is owned by insiders.

Exchange Income Company Profile

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.