Hardwoods Distribution Inc (TSE:HDI) – National Bank Financial increased their Q2 2019 earnings per share (EPS) estimates for Hardwoods Distribution in a research note issued to investors on Monday, July 8th. National Bank Financial analyst Z. Evershed now expects that the company will earn $0.42 per share for the quarter, up from their prior estimate of $0.38. National Bank Financial has a “Outperform” rating and a $18.00 price objective on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $1.33 EPS.
Hardwoods Distribution (TSE:HDI) last released its earnings results on Thursday, May 9th. The company reported C$0.30 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.31 by C($0.01). The firm had revenue of C$287.09 million during the quarter, compared to the consensus estimate of C$273.35 million.
Other equities research analysts have also recently issued reports about the company. CIBC lifted their target price on Norbord from C$31.00 to C$35.00 in a research note on Friday, July 5th. Canaccord Genuity set a $40.00 target price on Mallinckrodt and gave the stock a “buy” rating in a research note on Monday, March 18th.
TSE HDI opened at C$12.95 on Thursday. The company has a market cap of $275.35 million and a PE ratio of 9.32. Hardwoods Distribution has a one year low of C$10.04 and a one year high of C$18.23. The company has a quick ratio of 0.70, a current ratio of 1.94 and a debt-to-equity ratio of 76.74. The business’s fifty day simple moving average is C$12.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 26th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, July 12th. Hardwoods Distribution’s dividend payout ratio is currently 21.94%.
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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