ECN Capital Corp. to Post Q2 2024 Earnings of $0.04 Per Share, Cormark Forecasts (TSE:ECN)

ECN Capital Corp. (TSE:ECN) – Investment analysts at Cormark issued their Q2 2024 earnings per share estimates for ECN Capital in a research report issued on Wednesday, July 24th. Cormark analyst J. Fenwick expects that the company will post earnings of $0.04 per share for the quarter. The consensus estimate for ECN Capital’s current full-year earnings is $0.17 per share. Cormark also issued estimates for ECN Capital’s Q3 2024 earnings at $0.06 EPS and Q4 2024 earnings at $0.03 EPS.

A number of other analysts have also recently weighed in on ECN. CIBC boosted their target price on shares of ECN Capital from C$1.90 to C$2.00 in a research note on Friday, May 10th. TD Securities lowered their target price on ECN Capital from C$2.75 to C$2.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$2.29.

ECN Capital Trading Up 2.5 %

ECN opened at C$2.07 on Friday. The company has a market cap of C$581.92 million, a P/E ratio of -3.45, a PEG ratio of 0.24 and a beta of 1.25. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. The company’s 50 day moving average is C$1.78 and its 200-day moving average is C$2.13. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.10.

ECN Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd were given a $0.01 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.93%. ECN Capital’s dividend payout ratio (DPR) is presently -6.67%.

Insider Activity

In related news, Director Karen Lynne Martin bought 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of C$1.88 per share, for a total transaction of C$46,887.50. Insiders own 18.43% of the company’s stock.

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.