MCAN Mortgage (TSE:MKP) Issues Earnings Results

MCAN Mortgage (TSE:MKP) issued its quarterly earnings data on Monday. The company reported C$0.43 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$37.60 million for the quarter. MCAN Mortgage had a return on equity of 15.63% and a net margin of 52.77%.

MCAN Mortgage Stock Performance

Shares of MKP stock traded up C$0.05 during midday trading on Tuesday, reaching C$24.43. 40,415 shares of the company were exchanged, compared to its average volume of 40,009. The company’s 50 day moving average price is C$22.76 and its two-hundred day moving average price is C$22.06. The company has a market cap of C$982.55 million, a P/E ratio of 14.81 and a beta of 0.46. MCAN Mortgage has a 12 month low of C$16.70 and a 12 month high of C$24.55.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price objective on shares of MCAN Mortgage from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$21.00.

About MCAN Mortgage

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.