FY2017 Earnings Forecast for ECN Capital Corp (ECN) Issued By Cormark
ECN Capital Corp (TSE:ECN) – Research analysts at Cormark lowered their FY2017 earnings estimates for ECN Capital Corp in a research report issued to clients and investors on Wednesday. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $0.15 for the year, down from their prior forecast of $0.17. Cormark also issued estimates for ECN Capital Corp’s Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.07 EPS and FY2019 earnings at $0.26 EPS.
A number of other research firms also recently commented on ECN. TD Securities reduced their price objective on shares of ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Thursday, August 10th. CSFB upgraded shares of ECN Capital Corp from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$4.50 to C$4.75 in a research note on Saturday, September 23rd. Scotiabank increased their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. increased their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 in a research note on Thursday, October 26th. Six research analysts have rated the stock with a buy rating, ECN Capital Corp presently has a consensus rating of “Buy” and an average price target of C$5.00.
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ECN Capital Corp (ECN) opened at C$4.09 on Monday. ECN Capital Corp has a one year low of C$2.88 and a one year high of C$4.40.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.98%. ECN Capital Corp’s payout ratio is -30.77%.
In other news, Director Paul James Stoyan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$3.80, for a total value of C$133,000.00.
ECN Capital Corp Company Profile
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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