What is Cormark’s Estimate for ECN Capital FY2025 Earnings?

ECN Capital Corp. (TSE:ECN) – Equities researchers at Cormark upped their FY2025 earnings per share estimates for shares of ECN Capital in a research note issued to investors on Tuesday, November 12th. Cormark analyst J. Fenwick now expects that the company will post earnings of $0.25 per share for the year, up from their previous estimate of $0.21. Cormark has a “Moderate Buy” rating and a $3.50 price objective on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share.

Other equities research analysts have also recently issued reports about the stock. National Bankshares boosted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. CIBC upped their target price on ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. BMO Capital Markets boosted their price target on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Finally, National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$2.52.

ECN Capital Stock Performance

Shares of ECN opened at C$3.00 on Friday. The stock has a market capitalization of C$843.36 million, a price-to-earnings ratio of -8.67, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The firm has a fifty day simple moving average of C$2.23 and a 200 day simple moving average of C$2.00. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, December 13th. ECN Capital’s dividend payout ratio is currently -12.12%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00. Corporate insiders own 18.31% 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.