FY2025 EPS Estimates for ECN Capital Corp. Cut by Analyst (TSE:ECN)

ECN Capital Corp. (TSE:ECN) – Equities research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of ECN Capital in a research note issued on Thursday, August 8th. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $0.21 for the year, down from their previous estimate of $0.22. The consensus estimate for ECN Capital’s current full-year earnings is $0.17 per share.

Other research analysts also recently issued reports about the company. CIBC lifted their target price on ECN Capital from C$2.00 to C$2.25 in a research note on Thursday. National Bankshares raised their target price on ECN Capital from C$2.25 to C$2.50 in a report on Thursday. Finally, TD Securities lowered their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$2.42.

ECN Capital Stock Performance

Shares of ECN stock traded down C$0.10 during midday trading on Friday, hitting C$2.06. The company had a trading volume of 15,800 shares, compared to its average volume of 371,009. The company’s 50 day simple moving average is C$1.84 and its 200 day simple moving average is C$2.09. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.10. The stock has a market cap of C$579.11 million, a price-to-earnings ratio of -3.60, a PEG ratio of 0.24 and a beta of 1.25. The company has a debt-to-equity ratio of 447.65, a current ratio of 11.69 and a quick ratio of 3.81.

ECN Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, September 13th. ECN Capital’s dividend payout ratio is currently -6.67%.

Insider Activity

In other news, Director Karen Lynne Martin purchased 25,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average price of C$1.88 per share, for a total transaction of C$46,887.50. Company 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.