Horizon North Logistics Inc. to Post Q4 2017 Earnings of ($0.02) Per Share, Cormark Forecasts (HNL)

Horizon North Logistics Inc. (TSE:HNL) – Equities researchers at Cormark issued their Q4 2017 earnings estimates for Horizon North Logistics in a research note issued to investors on Wednesday. Cormark analyst J. Zhang expects that the company will post earnings of ($0.02) per share for the quarter. Cormark also issued estimates for Horizon North Logistics’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.02 EPS and Q4 2018 earnings at $0.02 EPS.

HNL has been the subject of a number of other research reports. National Bank Financial decreased their target price on shares of Horizon North Logistics from C$2.40 to C$1.90 and set an “outperform” rating for the company in a research report on Monday, December 11th. Raymond James Financial downgraded shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$2.15 to C$1.60 in a research report on Tuesday, January 9th. Finally, Scotiabank set a C$1.50 target price on shares of Horizon North Logistics and gave the company an “underperform” rating in a research report on Tuesday, January 9th.

Shares of Horizon North Logistics (TSE:HNL) opened at C$1.64 on Friday. The firm has a market cap of $237.27, a P/E ratio of -20.50 and a beta of 1.34. Horizon North Logistics has a 52-week low of C$1.16 and a 52-week high of C$2.35.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Thursday, December 28th. Horizon North Logistics’s payout ratio is -100.00%.

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About Horizon North Logistics

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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