Extendicare (TSE:EXE) Hits New 12-Month High at $8.78

Extendicare Inc. (TSE:EXE)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$8.78 and last traded at C$8.75, with a volume of 58288 shares traded. The stock had previously closed at C$8.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXE. TD Securities increased their price target on Extendicare from C$8.00 to C$9.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th.

Extendicare Stock Performance

The company has a 50-day moving average of C$7.60 and a 200-day moving average of C$7.42. The firm has a market capitalization of C$724.52 million, a price-to-earnings ratio of 12.82 and a beta of 1.26. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80.

Extendicare (TSE:EXE) last issued its earnings results on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. The company had revenue of C$348.48 million for the quarter, compared to analysts’ expectations of C$360.20 million. On average, equities research analysts forecast that Extendicare Inc. will post 0.7620297 earnings per share for the current fiscal year.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, August 30th. Extendicare’s dividend payout ratio (DPR) is presently 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.