Exchange Income (TSE:EIF) Issues Quarterly Earnings Results

Exchange Income (TSE:EIF) released its quarterly earnings results on Thursday. The company reported C$1.81 earnings per share (EPS) for the quarter, FiscalAI reports. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. The firm had revenue of C$1.06 billion during the quarter.

Exchange Income Stock Performance

TSE:EIF traded up C$1.03 during trading hours on Thursday, reaching C$125.31. The stock had a trading volume of 194,495 shares, compared to its average volume of 162,554. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The stock has a 50 day simple moving average of C$118.06 and a 200 day simple moving average of C$115.02. Exchange Income has a 12-month low of C$75.27 and a 12-month high of C$136.75. The stock has a market cap of C$7.06 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70.

Insider Transactions at Exchange Income

In other Exchange Income news, Director Donald Streuber sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the sale, the director owned 27,368 shares of the company’s stock, valued at C$3,297,022.96. The trade was a 11.34% decrease in their position. Also, Director Michael Pyle acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were bought at an average price of C$116.93 per share, for a total transaction of C$116,930.00. Following the completion of the purchase, the director owned 20,337 shares in the company, valued at C$2,378,005.41. This trade represents a 5.17% increase in their position. Insiders purchased a total of 1,534 shares of company stock worth $181,356 over the last 90 days. 6.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on EIF shares. Ventum Capital set a C$150.00 price target on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 3rd. National Bank Financial set a C$145.00 price objective on Exchange Income and gave the company an “outperform” rating in a research note on Thursday, October 8th. TD boosted their price objective on Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Royal Bank Of Canada boosted their price objective on Exchange Income from C$150.00 to C$156.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, ATB Cormark Capital Markets upped their target price on Exchange Income from C$146.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$146.21.

Exchange Income Company Profile

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.