Hardwoods Distribution Inc (TSE:HDI) – Stock analysts at National Bank Financial lowered their Q4 2019 earnings per share estimates for shares of Hardwoods Distribution in a report issued on Tuesday, October 8th. National Bank Financial analyst Z. Evershed now expects that the company will earn $0.23 per share for the quarter, down from their previous forecast of $0.24. National Bank Financial currently has a “Outperform” rating and a $16.00 price target on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s FY2021 earnings at $1.72 EPS.
Hardwoods Distribution (TSE:HDI) last released its earnings results on Monday, August 12th. The company reported C$0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.42 by C($0.02). The company had revenue of C$304.55 million for the quarter, compared to analysts’ expectations of C$306.40 million.
Separately, CIBC cut their target price on shares of Hardwoods Distribution from C$16.00 to C$15.00 in a research note on Friday, July 5th.
TSE:HDI opened at C$11.07 on Thursday. The stock has a market cap of $234.82 million and a P/E ratio of 8.45. Hardwoods Distribution has a one year low of C$10.04 and a one year high of C$15.04. The company has a fifty day moving average price of C$11.62 and a 200 day moving average price of C$12.35. The company has a debt-to-equity ratio of 71.61, a current ratio of 2.02 and a quick ratio of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 25th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 10th. Hardwoods Distribution’s dividend payout ratio (DPR) is presently 23.85%.
Hardwoods Distribution Company Profile
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.
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