ECN Capital (ECN) Receives “Market Perform” Rating from Raymond James

ECN Capital (ECN) Receives “Market Perform” Rating from Raymond James

Raymond James restated their market perform rating on shares of ECN Capital (TSE:ECN) in a report released on Monday morning, AnalystRatings.com reports. Raymond James currently has a C$4.50 target price on the stock. Raymond James also issued estimates for ECN Capital’s Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.06 EPS, Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.31 EPS.

ECN has been the subject of several other reports. National Bank Financial raised their price objective on ECN Capital from C$4.50 to C$5.00 and gave the stock an outperform rating in a research note on Thursday, February 28th. BMO Capital Markets raised their price objective on ECN Capital from C$5.00 to C$5.50 and gave the stock an outperform rating in a research note on Thursday, January 31st. CIBC reduced their price objective on ECN Capital from C$5.25 to C$5.00 in a research note on Monday, January 14th. Cormark raised their price objective on ECN Capital from C$4.50 to C$5.25 in a research note on Monday, February 4th. Finally, Royal Bank of Canada raised their price objective on ECN Capital from C$4.75 to C$5.00 and gave the stock an outperform rating in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. ECN Capital has an average rating of Buy and a consensus target price of C$5.16.

Shares of TSE:ECN opened at C$4.54 on Monday. ECN Capital has a 52-week low of C$3.13 and a 52-week high of C$4.59. The stock has a market capitalization of $1.01 billion and a PE ratio of -9.08. The company has a debt-to-equity ratio of 30.86, a current ratio of 4.83 and a quick ratio of 3.12.

ECN Capital (TSE:ECN) last announced its quarterly earnings data on Thursday, February 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The firm had revenue of C$67.38 million during the quarter, compared to analysts’ expectations of C$79.17 million. As a group, equities analysts predict that ECN Capital will post 0.330000019596201 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.02 per share. This is a boost from ECN Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, March 28th. ECN Capital’s dividend payout ratio (DPR) is currently -6.09%.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler ? Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.

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