Carmanah Technologies Forecasted to Post Q1 2018 Earnings of $0.06 Per Share (TSE:CMH)

Carmanah Technologies (TSE:CMH) – Investment analysts at Cormark issued their Q1 2018 earnings estimates for shares of Carmanah Technologies in a note issued to investors on Tuesday, March 27th, according to Zacks Investment Research. Cormark analyst M. D. Whale forecasts that the company will post earnings per share of $0.06 for the quarter. Cormark also issued estimates for Carmanah Technologies’ Q2 2018 earnings at $0.08 EPS and FY2018 earnings at $0.30 EPS.

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Separately, Canaccord Genuity reiterated a “buy” rating and issued a C$5.75 price target on shares of Carmanah Technologies in a report on Tuesday, March 27th.

Shares of CMH opened at C$4.64 on Friday. Carmanah Technologies has a 52-week low of C$3.88 and a 52-week high of C$4.95.

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Carmanah Technologies Company Profile

Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light emitting diode (LED) solutions for infrastructure worldwide. It operates in two segments, Signals and Illumination. The Signals segment provides solar LED flashing beacons, including pedestrian crosswalk signals, school zone flashers, and 24-hr roadway beacons for various roadway applications; a range of marine lighting solutions to coast guards, marine authorities, navies, and ports; and LED aviation lighting solutions, such as approach lightings, apron lightings, and solar and hybrid power systems.

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