ECN Capital Corp (TSE:ECN) – Research analysts at Raymond James issued their Q1 2019 earnings per share estimates for ECN Capital in a report released on Monday, May 6th. Raymond James analyst B. Phelan anticipates that the company will post earnings of $0.03 per share for the quarter. Raymond James has a “Market Perform” rating and a $4.50 price objective on the stock. Raymond James also issued estimates for ECN Capital’s Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.06 EPS, Q2 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.31 EPS.
Several other analysts have also commented on the company. Royal Bank of Canada raised their price objective on ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Friday, March 1st. National Bank Financial raised their price objective on ECN Capital from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Thursday, February 28th. Cormark raised their price objective on ECN Capital from C$4.50 to C$5.25 in a report on Monday, February 4th. BMO Capital Markets raised their price objective on ECN Capital from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Thursday, January 31st. Finally, CIBC dropped their price objective on ECN Capital from C$5.25 to C$5.00 in a report on Monday, January 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$5.03.
Shares of ECN opened at C$4.21 on Wednesday. The company has a current ratio of 4.83, a quick ratio of 3.12 and a debt-to-equity ratio of 30.86. ECN Capital has a 12 month low of C$3.13 and a 12 month high of C$4.48. The company has a market capitalization of $1.01 billion and a price-to-earnings ratio of -8.42.
ECN Capital (TSE:ECN) last issued its quarterly earnings data on Thursday, February 28th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The business had revenue of C$67.38 million during the quarter, compared to the consensus estimate of C$79.17 million.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.02 dividend. The ex-dividend date was Thursday, March 28th. This is a positive change from ECN Capital’s previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.90%. ECN Capital’s payout ratio is currently -6.09%.
About ECN Capital
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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