ECN Capital Corp. (TSE:ECN) Forecasted to Post Q3 2024 Earnings of $0.08 Per Share

ECN Capital Corp. (TSE:ECNFree Report) – Equities research analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of ECN Capital in a report released on Sunday, February 4th. National Bank Financial analyst J. Gloyn anticipates that the company will earn $0.08 per share for the quarter. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for ECN Capital’s FY2025 earnings at $0.23 EPS.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reduced their target price on ECN Capital from C$2.75 to C$2.60 and set a “market perform” rating for the company in a report on Wednesday, November 15th. Royal Bank of Canada raised their target price on ECN Capital from C$2.75 to C$3.00 in a report on Thursday, January 4th. CIBC lifted their price objective on ECN Capital from C$2.60 to C$3.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. TD Securities lifted their price objective on ECN Capital from C$2.50 to C$3.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, Raymond James cut their target price on ECN Capital from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, ECN Capital currently has a consensus rating of “Hold” and an average target price of C$2.94.

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ECN Capital Trading Up 0.7 %

Shares of ECN Capital stock opened at C$2.71 on Tuesday. The company has a quick ratio of 3.81, a current ratio of 9.94 and a debt-to-equity ratio of 320.01. The firm has a market cap of C$758.66 million, a price-to-earnings ratio of -7.97, a price-to-earnings-growth ratio of 0.24 and a beta of 1.29. The business has a fifty day simple moving average of C$2.75 and a 200-day simple moving average of C$2.52. ECN Capital has a fifty-two week low of C$1.65 and a fifty-two week high of C$3.66.

Insider Buying and Selling

In related news, Director Steven Kenneth Hudson bought 250,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of C$2.09 per share, for a total transaction of C$523,725.00. 18.85% of the stock is currently owned by corporate insiders.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, January 2nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 1.48%. ECN Capital’s payout ratio is presently -11.76%.

About ECN Capital

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ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.

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