Extendicare Inc. (TSE:EXE) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$8.38.
Several research analysts have issued reports on the company. Laurentian dropped their price target on Extendicare from C$8.75 to C$8.00 in a report on Monday, November 8th. TD Securities dropped their price target on Extendicare from C$8.50 to C$8.00 and set a “hold” rating on the stock in a report on Monday, November 8th. Laurentian Bank of Canada reaffirmed a “hold” rating on shares of Extendicare in a report on Tuesday, November 9th. CIBC reaffirmed a “neutral” rating and issued a C$8.25 price target on shares of Extendicare in a report on Monday, November 1st. Finally, Royal Bank of Canada dropped their price target on Extendicare from C$8.50 to C$8.00 and set a “sector perform” rating on the stock in a report on Monday, November 15th.
Shares of TSE EXE opened at C$7.25 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.67 and a debt-to-equity ratio of 470.74. The stock has a 50 day simple moving average of C$7.13 and a 200-day simple moving average of C$7.68. The company has a market cap of C$649.32 million and a PE ratio of 20.08. Extendicare has a 12-month low of C$5.80 and a 12-month high of C$8.71.
Extendicare (TSE:EXE) last issued its quarterly earnings data on Thursday, November 4th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.11 by C($0.08). The firm had revenue of C$310.13 million during the quarter, compared to analyst estimates of C$305.80 million. Sell-side analysts forecast that Extendicare will post 0.3 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Monday, January 17th. Shareholders of record on Monday, January 17th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Thursday, December 30th. Extendicare’s dividend payout ratio is 132.96%.
About Extendicare
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.