ECN Capital Corp. (TSE:ECN) Receives Average Recommendation of “Hold” from Brokerages

ECN Capital Corp. (TSE:ECN) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$2.48.

A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. National Bankshares increased their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, CIBC increased their price objective on ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th.

ECN Capital Stock Up 3.0 %

ECN Capital stock opened at C$2.37 on Friday. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The firm has a market capitalization of C$666.25 million, a price-to-earnings ratio of -7.18, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.10. The stock’s fifty day moving average is C$2.15 and its two-hundred day moving average is C$1.96.

ECN Capital (TSE:ECN) last posted its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. The company had revenue of C$79.37 million for the quarter, compared to analyst estimates of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. Analysts predict that ECN Capital will post 0.2446449 EPS for the current fiscal year.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.69%. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

ECN Capital Company Profile

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.