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

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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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