Horizon North Logistics Inc (TSE:HNL) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.02 per share on Monday, July 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Thursday, June 27th.
Shares of HNL remained flat at $C$1.92 during trading hours on Tuesday. The company had a trading volume of 30,802 shares, compared to its average volume of 222,589. Horizon North Logistics has a 12 month low of C$1.48 and a 12 month high of C$3.27. The company’s 50 day moving average is C$2.09. The company has a current ratio of 1.82, a quick ratio of 1.66 and a debt-to-equity ratio of 17.39. The firm has a market capitalization of $316.90 million and a price-to-earnings ratio of 240.00.
Horizon North Logistics (TSE:HNL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.02 earnings per share for the quarter, beating the consensus estimate of C$0.01 by C$0.01. The company had revenue of C$128.75 million for the quarter, compared to the consensus estimate of C$115.59 million. On average, equities analysts predict that Horizon North Logistics will post 0.13 earnings per share for the current year.
In other Horizon North Logistics news, Director Roderick William Graham sold 200,000 shares of Horizon North Logistics stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$2.33, for a total transaction of C$466,000.00. Following the completion of the transaction, the director now owns 83,500 shares of the company’s stock, valued at approximately C$194,555.
A number of research firms have weighed in on HNL. TD Securities lifted their target price on Horizon North Logistics from C$3.00 to C$3.25 and gave the company a “buy” rating in a report on Wednesday, April 24th. National Bank Financial lifted their target price on Horizon North Logistics from C$3.20 to C$3.30 and gave the company an “outperform” rating in a report on Friday, May 3rd. Raymond James reaffirmed an “outperform” rating and set a C$2.50 target price on shares of Horizon North Logistics in a report on Friday, May 3rd. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Horizon North Logistics in a report on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$2.96.
About Horizon North Logistics
Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.
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