Home Market News National Bank Financial Analysts Cut Earnings Estimates for Extendicare Inc. (TSE:EXE)

National Bank Financial Analysts Cut Earnings Estimates for Extendicare Inc. (TSE:EXE)

by MarketBeat News

Extendicare Inc. (TSE:EXE – Get Rating) – Research analysts at National Bank Financial lowered their FY2022 earnings per share estimates for Extendicare in a research note issued to investors on Wednesday, November 16th. National Bank Financial analyst T. Woolley now expects that the company will post earnings per share of $0.24 for the year, down from their previous estimate of $0.28. The consensus estimate for Extendicare’s current full-year earnings is $0.33 per share.

Other equities analysts also recently issued research reports about the company. TD Securities dropped their price target on Extendicare from C$7.50 to C$7.00 and set a “hold” rating for the company in a research report on Thursday, October 20th. Royal Bank of Canada dropped their price target on Extendicare from C$8.00 to C$7.50 and set a “sector perform” rating for the company in a research report on Thursday. Finally, National Bankshares dropped their price target on Extendicare from C$8.00 to C$7.50 in a research report on Monday, October 24th.

Extendicare Stock Performance

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Extendicare stock opened at C$6.59 on Friday. The company has a debt-to-equity ratio of 231.24, a quick ratio of 1.18 and a current ratio of 1.31. The stock has a fifty day moving average of C$6.88 and a two-hundred day moving average of C$7.08. The company has a market capitalization of C$576.90 million and a price-to-earnings ratio of 82.38. Extendicare has a fifty-two week low of C$6.47 and a fifty-two week high of C$8.00.

Extendicare Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend was Friday, October 28th. Extendicare’s dividend payout ratio is currently 600.00%.

Extendicare Company Profile

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Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as contract and consulting services to third parties.

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Earnings History and Estimates for Extendicare (TSE:EXE)

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