ECN Capital Corp. (TSE:ECN – Get Rating) – Analysts at National Bank Financial have cut their fourth quarter 2022 earnings estimates for shares of ECN Capital in a research report released Thursday, August 11. National Bank Financial analyst J. Gloyn now expects the company to post earnings per share of $0.06 for the quarter, down from its previous estimate of $0.08. The consensus estimate of ECN Capital’s current annual earnings is $0.51 per share. National Bank Financial also released estimates for ECN Capital’s first quarter 2023 earnings at $0.06 EPS, Q2 2023 earnings at $0.13 EPS and fiscal year 2023 earnings at $0.45. $ EPS.
ECN has been the subject of a number of other research reports. CIBC raised its price target on ECN Capital shares from C$7.50 to C$8.75 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada raised its price target on ECN Capital from CA$7.00 to CA$7.50 and gave the company an “sector performance” rating in a Monday, May 16 report. Cormark raised its price target on ECN Capital from C$7.50 to C$8.25 in a report on Friday. Raymond James raised its price target on ECN Capital from CA$7.00 to CA$8.00 and gave the company an “outperform” rating in a report on Friday. Finally, National Bankshares raised its price target on ECN Capital from CA$8.00 to CA$8.50 and gave the company an “outperform” rating in a report on Friday. One analyst rated the stock with a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$8.60.
ECN Capital Price Performance
ECN Capital stock opened at C$7.13 on Monday. The company’s 50-day moving average price is CA$5.93 and its 200-day moving average price is CA$5.99. ECN Capital has a 1-year low of C$4.60 and a 1-year high of C$12.24. The stock has a market capitalization of C$1.76 billion and a P/E ratio of 89.13. The company has a debt ratio of 167.26, a quick ratio of 1.12 and a current ratio of 1.17.
ECN Capital (TSE:ECN – Get Rating) last released its quarterly results on Thursday, May 12. The company reported earnings per share (EPS) of C$0.08 for the quarter, beating consensus analyst estimates of C$0.06 by C$0.02. The company posted revenue of C$75.82 million in the quarter, compared to analyst estimates of C$77.47 million.
Insider Trading at ECN Capital
Separately, director Karen Lynne Martin purchased 15,000 shares of ECN Capital in a trade dated Tuesday, May 24. The shares were acquired at an average price of CA$5.89 per share, for a total transaction of CA$88,363.50. Following the acquisition, the director now directly owns 101,655 shares of the company, valued at C$598,839.44.
ECN Capital Company Profile
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ECN Capital Corp. creates, manages and advises leading consumer credit portfolios in North America. It operates through secured consumer loans – Triad Financial Services and Source One; and Consumer Credit Cards and Related Unsecured Consumer Loans – KG segments. The company offers secured consumer loan portfolios, including loans for manufactured homes, marine and recreational vehicles; and consumer credit card wallets focused on co-branded credit cards and related financial products.
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