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ECN Capital Corp. to Post FY2022 Earnings of $0.35 Per Share, Cormark Forecasts (TSE:ECN)

Defense World ·  Aug 29, 2022 01:21

ECN Capital Corp. (TSE:ECN – Get Rating) – Equities researchers at Cormark decreased their FY2022 earnings per share estimates for shares of ECN Capital in a research note issued to investors on Friday, August 26th. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $0.35 for the year, down from their prior estimate of $0.38. The consensus estimate for ECN Capital's current full-year earnings is $0.46 per share. Cormark also issued estimates for ECN Capital's Q4 2022 earnings at $0.05 EPS, Q1 2023 earnings at $0.04 EPS and Q4 2023 earnings at $0.09 EPS.

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Other research analysts also recently issued reports about the company. CIBC lifted their target price on ECN Capital from C$7.50 to C$8.75 and gave the stock an "outperform" rating in a report on Friday, August 12th. National Bankshares boosted their target price on ECN Capital from C$8.00 to C$8.50 and gave the company an "outperform" rating in a research report on Friday, August 12th. Raymond James cut their target price on ECN Capital from C$8.00 to C$7.50 and set an "outperform" rating on the stock in a research note on Thursday. Royal Bank of Canada upped their price objective on ECN Capital from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a research note on Monday, August 15th. Finally, TD Securities boosted their target price on shares of ECN Capital from C$8.00 to C$8.50 and gave the company a "buy" rating in a report on Tuesday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$8.48.

ECN Capital Trading Down 6.4 %

TSE ECN opened at C$5.88 on Monday. The company has a quick ratio of 3.62, a current ratio of 3.73 and a debt-to-equity ratio of 365.53. ECN Capital has a twelve month low of C$4.60 and a twelve month high of C$12.24. The company has a market cap of C$1.45 billion and a price-to-earnings ratio of 58.80. The business's fifty day moving average is C$6.02 and its 200 day moving average is C$6.08.

ECN Capital Company Profile

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ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.

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