National Bank Financial Weighs in on MCAN Mortgage Co.’s Q3 2018 Earnings (MKP)

MCAN Mortgage Co. (TSE:MKP) – Equities researchers at National Bank Financial reduced their Q3 2018 EPS estimates for MCAN Mortgage in a research report issued on Monday, September 24th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.40 per share for the quarter, down from their previous forecast of $0.41. National Bank Financial also issued estimates for MCAN Mortgage’s Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.68 EPS, FY2019 earnings at $1.49 EPS and FY2020 earnings at $1.57 EPS.

MKP stock opened at C$17.19 on Thursday. MCAN Mortgage has a 52-week low of C$15.36 and a 52-week high of C$19.46.

MCAN Mortgage (TSE:MKP) last released its quarterly earnings results on Thursday, August 9th. The company reported C$0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.47. MCAN Mortgage had a net margin of 39.86% and a return on equity of 14.76%.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.45%.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. It issues term deposits; and originates residential first-charge mortgage products. The company focuses on investing its funds in a portfolio of mortgages, including single family residential, residential construction, non-residential construction, and commercial loans, as well as other types of financial investments, loans, and real estate investments.

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

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