Raymond James Equities Analysts Decrease Earnings Estimates for ECN Capital Corp. (TSE:ECN)

ECN Capital Corp. (TSE:ECNFree Report) – Stock analysts at Raymond James decreased their Q1 2024 EPS estimates for ECN Capital in a research report issued to clients and investors on Friday, March 22nd. Raymond James analyst S. Boland now expects that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.03. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share. Raymond James also issued estimates for ECN Capital’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.07 EPS and FY2025 earnings at $0.26 EPS.

Other equities research analysts have also recently issued research reports about the company. TD Securities cut their target price on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Friday. Royal Bank of Canada lowered their price target on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a report on Friday. CIBC increased their price target on ECN Capital from C$2.60 to C$3.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, National Bankshares decreased their target price on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$2.69.

View Our Latest Research Report on ECN

ECN Capital Price Performance

Shares of ECN stock traded down C$0.09 during trading hours on Monday, hitting C$1.71. 514,409 shares of the company’s stock were exchanged, compared to its average volume of 258,718. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The firm has a market cap of C$478.71 million, a P/E ratio of -3.05, a P/E/G ratio of 0.24 and a beta of 1.29. The firm has a 50 day moving average of C$2.65 and a two-hundred day moving average of C$2.50. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.38.

ECN Capital Company Profile

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for ECN Capital (TSE:ECN)

Before you consider ECN Capital, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ECN Capital wasn’t on the list.

While ECN Capital currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report


Source link

Check Also

Equities Analysts Set Expectations for Green Dot Co.’s Q1 2025 Earnings (NYSE:GDOT)

Green Dot Co. (NYSE:GDOT – Free Report) – Stock analysts at Northland Capmk issued their …

Leave a Reply

Your email address will not be published. Required fields are marked *