Cormark Has Bullish Forecast for ECN Capital FY2025 Earnings

ECN Capital Corp. (TSE:ECN) – Equities researchers at Cormark increased their FY2025 earnings per share (EPS) estimates for ECN Capital in a report released on Tuesday, November 12th. Cormark analyst J. Fenwick now anticipates that the company will earn $0.25 per share for the year, up from their previous estimate of $0.21. Cormark currently has a “Moderate Buy” rating and a $3.50 target price on the stock. The consensus estimate for ECN Capital’s current full-year earnings is $0.24 per share.

Several other research firms have also recently issued reports on ECN. BMO Capital Markets increased their price objective on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. National Bankshares lifted their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, CIBC boosted their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$2.66.

ECN Capital Price Performance

ECN Capital stock opened at C$2.90 on Friday. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The business has a 50 day simple moving average of C$2.21 and a 200-day simple moving average of C$1.99. The stock has a market capitalization of C$815.25 million, a PE ratio of -8.94, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, December 13th. ECN Capital’s dividend payout ratio is currently -12.12%.

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.