Exchange Income (TSE:EIF) Share Price Passes Above 200-Day Moving Average of $46.90

Exchange Income Co. (TSE:EIF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.90 and traded as high as C$47.79. Exchange Income shares last traded at C$47.58, with a volume of 42,585 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on Exchange Income from C$62.00 to C$66.00 and gave the company a “buy” rating in a report on Monday, July 15th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$64.06.

Exchange Income Stock Down 2.5 %

The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 164.53. The company has a market capitalization of C$2.19 billion, a P/E ratio of 17.98, a PEG ratio of 1.42 and a beta of 2.06. The firm has a 50-day moving average price of C$46.06 and a two-hundred day moving average price of C$46.91.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.03. Exchange Income had a return on equity of 10.68% and a net margin of 4.66%. The company had revenue of C$601.77 million during the quarter, compared to analysts’ expectations of C$602.66 million. Equities research analysts anticipate that Exchange Income Co. will post 3.25 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.22 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $2.64 annualized dividend and a yield of 5.69%. Exchange Income’s dividend payout ratio (DPR) is currently 102.33%.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.