Brokers Issue Forecasts for MCAN Mortgage Co.’s Q1 2019 Earnings (TSE:MKP)

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MCAN Mortgage Co. (TSE:MKP) – Stock analysts at National Bank Financial issued their Q1 2019 earnings per share estimates for shares of MCAN Mortgage in a research note issued on Monday, April 29th, according to Zacks Investment Research. National Bank Financial analyst J. Gloyn forecasts that the company will post earnings of $0.50 per share for the quarter. National Bank Financial has a “Underperform” rating and a $13.00 price objective on the stock. National Bank Financial also issued estimates for MCAN Mortgage’s Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.52 EPS.

MCAN Mortgage (TSE:MKP) last announced its earnings results on Friday, February 22nd. The company reported C$0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.23).

Shares of TSE:MKP traded down C$0.04 during midday trading on Wednesday, reaching C$16.00. The company’s stock had a trading volume of 16,720 shares, compared to its average volume of 16,917. The company has a market capitalization of $385.60 million and a price-to-earnings ratio of 9.50. The company has a debt-to-equity ratio of 282.88, a current ratio of 1.57 and a quick ratio of 1.54. MCAN Mortgage has a fifty-two week low of C$12.21 and a fifty-two week high of C$19.46.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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Earnings History and Estimates for MCAN Mortgage (TSE:MKP)

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