ECN Capital Corp. (TSE:ECN – Get Rating) declared a quarterly dividend on Thursday, May 12, Zacks reports. Shareholders of record on Wednesday, June 15 will receive a dividend of 0.01 per share on Thursday, June 30. This represents an annualized dividend of $0.04 and a dividend yield of 0.67%. The ex-date of this dividend is Tuesday, June 14.
ECN shares opened at C$6.00 on Friday. The stock has a 50-day simple moving average of C$6.20 and a 200-day simple moving average of C$7.37. The company has a debt ratio of 134.37, a quick ratio of 0.93 and a current ratio of 1.01. The stock has a market capitalization of C$1.48 billion and a PE ratio of 1.19. ECN Capital has a 1-year low of C$4.60 and a 1-year high of C$12.24.
ECN Capital (TSE:ECN – Get Rating) last released its results on Tuesday, March 1. The company reported earnings per share of C$0.08 for the quarter, beating the consensus estimate of C$0.05 by C$0.03. The company posted revenue of C$87.59 million for the quarter, compared to analysts’ expectations of C$82.55 million. Analysts predict that ECN Capital will post EPS of 0.48 for the current year.
Several equity research analysts have weighed in on ECN stocks recently. National Bank Financial raised its target price on ECN Capital to C$8.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 9 research note. Royal Bank of Canada raised its target price on ECN Capital from C$5.50 to C$6.50 and gave the stock an “industry performance” rating in a Wednesday, Feb. 9 research note. National Bankshares raised its target price on ECN Capital from C$6.50 to C$8.00 and gave the stock an “outperform” rating in a Thursday, Feb. 10 research note. CIBC raised its target price on ECN Capital from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a Thursday, March 3 research note. Finally, BMO Capital Markets began covering ECN Capital in a research report on Wednesday, March 2. They set a “buy” rating and a target price of C$7.00 for the stock. One equity research analyst gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, ECN Capital currently has an average rating of “Buy” and a consensus target price of C$8.50.
ECN Capital Company Profile (Get an evaluation)
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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