National Bank Financial Forecasts ECN Capital Q1 Earnings

On December 15th, 2024, analysts at National Bank Financial revised their earnings per share (EPS) estimates for ECN Capital Corp. (TSE:ECN) for the first quarter of 2025. In a research note released to investors, analyst J. Gloyn lowered the forecast from $0.03 to $0.01 per share. Despite this change, National Bank Financial continues to maintain a 'Strong-Buy' rating on ECN Capital's stock. As for the current full-year earnings consensus, it stands at $0.24 per share, with the same EPS expectation set for FY2025.

Other analysts have also been active in commenting on ECN Capital. For instance, CIBC raised its price target on ECN Capital from C$2.25 to C$2.50 in a report from November 8th. Following closely, Cormark increased their price target from C$2.25 to C$3.50, assigning a ‘moderate buy’ rating on November 12th. Currently, four research analysts have rated the stock with a hold rating, while one has given it a strong buy rating. MarketBeat data indicates that ECN Capital has an overall consensus rating of ‘Hold’ with a consensus target price of C$2.52.

ECN Capital Stock Performance

ECN Capital’s stock opened at C$3.02 on Tuesday. The company's 50-day simple moving average is C$2.57, and the 200-day moving average stands at C$2.16. The stock has a 52-week low of C$1.60 and a high of C$3.25. ECN Capital boasts a market capitalization of C$848.98 million and has a price-to-earnings (PE) ratio of -9.15. Other notable ratios include a PEG ratio of 0.24 and a beta of 1.35. The firm also has a significant debt-to-equity ratio of 383.08, with a quick ratio of 3.81, and a current ratio of 10.77.

Upcoming Dividend Announcement

Furthermore, ECN Capital has announced a quarterly dividend set to be paid on December 31st. Shareholders on record by this date will receive a dividend of $0.01 per share, reflecting an annualized dividend of $0.04 and a yield of 1.32%. The ex-dividend date was noted as December 13th. Currently, ECN Capital has a payout ratio of -12.12%.

Insider Trading Activity

In insider news, Director Steven Kenneth Hudson sold 100,000 shares of ECN Capital on November 15th, at an average price of C$2.92, totaling approximately C$292,300. Currently, 18.31% of the company’s stock is owned by insiders.

Company Overview

ECN Capital Corp. specializes in originations, management, and advisory services on credit assets for its partners across North America. The company operates primarily in two sectors: Manufactured Housing Finance and Recreational Vehicle and Marine Finance. It offers consumer loans that include financing for manufactured homes, recreational vehicles, and marine purchases, in addition to commercial loans such as inventory financing and floorplan loans.

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