MCAN Mortgage Co. (MKP) Forecasted to Post FY2018 Earnings of $1.77 Per Share
MCAN Mortgage Co. (TSE:MKP) – Research analysts at National Bank Financial lifted their FY2018 earnings estimates for MCAN Mortgage in a research report issued on Monday, November 12th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $1.77 per share for the year, up from their prior forecast of $1.68. National Bank Financial currently has a “Underperform” rating and a $12.00 target price on the stock. National Bank Financial also issued estimates for MCAN Mortgage’s Q4 2018 earnings at $0.38 EPS and FY2020 earnings at $1.56 EPS.
Shares of MKP opened at C$13.83 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 319.11. MCAN Mortgage has a 1 year low of C$12.90 and a 1 year high of C$19.46.
In related news, insider Ian Sutherland purchased 7,000 shares of MCAN Mortgage stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of C$14.00 per share, for a total transaction of C$98,000.00. Over the last quarter, insiders bought 18,000 shares of company stock valued at $249,630.
About MCAN Mortgage
MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. It issues term deposits; and originates residential first-charge mortgage products. The company focuses on 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 financial investments, loans, and real estate investments.
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