FY2017 EPS Estimates for Enercare Inc. (ECI) Lowered by National Bank Financial
Enercare Inc. (TSE:ECI) – Equities research analysts at National Bank Financial reduced their FY2017 earnings estimates for Enercare in a research note issued on Wednesday. National Bank Financial analyst T. Johnson now expects that the company will earn $0.64 per share for the year, down from their previous estimate of $0.79. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Enercare’s FY2018 earnings at $0.77 EPS.
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Several other equities research analysts also recently commented on the company. TD Securities boosted their price objective on Enercare from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Wednesday. Scotiabank boosted their price objective on Enercare from C$20.00 to C$24.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada upgraded Enercare from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$21.00 to C$26.00 in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$23.63.
Shares of Enercare (ECI) traded up 0.44% during trading on Friday, hitting $20.49. 17,782 shares of the stock traded hands. The firm has a market cap of $2.15 billion and a P/E ratio of 39.03. The company has a 50-day moving average of $20.36 and a 200-day moving average of $19.84. Enercare has a 52 week low of $17.38 and a 52 week high of $21.94.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 4.69%.
In related news, insider Evelyn Louise Sutherland purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of C$18.50 per share, for a total transaction of C$92,500.00. Also, Director Scott Jason Boxer purchased 2,170 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of C$18.58 per share, with a total value of C$40,318.60. Insiders have purchased 12,670 shares of company stock valued at $232,329 in the last quarter.
Enercare Inc, through its subsidiaries, provides home and commercial services, and energy solutions in Canada and the United States. The company's Home Services segment offers a portfolio of rental water heaters, HVAC, and other assets, as well as contracted and other equipment protection plans; and other chargeable service offerings primarily to residential customers.
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