Cormark Has Bullish Forecast for ECN Capital FY2025 Earnings

ECN Capital Corp. (TSE:ECN) – Equities researchers at Cormark increased their FY2025 earnings per share estimates for shares of ECN Capital in a research report issued on Tuesday, November 12th. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $0.25 for the year, up from their prior estimate of $0.21. Cormark currently has a “Moderate Buy” rating and a $3.50 price objective on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share.

A number of other equities research analysts have also recently weighed in on the company. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price target on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bankshares upped their target price on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Finally, CIBC boosted their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$2.66.

ECN Capital Price Performance

Shares of ECN stock opened at C$2.90 on Friday. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The company has a market capitalization of C$815.25 million, a P/E ratio of -8.94, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The stock has a 50 day moving average of C$2.21 and a two-hundred day moving average of C$1.99.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s payout ratio is presently -12.12%.

About ECN Capital

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