Clarus Securities Brokers Cut Earnings Estimates for TSE:FAR

Foraco International SA (TSE:FAR) – Analysts at Clarus Securities cut their Q1 2027 earnings estimates for Foraco International in a research report issued to clients and investors on Friday, May 1st. Clarus Securities analyst S. Kammermayer now expects that the company will earn $0.05 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International’s FY2027 earnings at $0.38 EPS.

Separately, Desjardins increased their price objective on Foraco International from C$3.00 to C$4.50 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Foraco International presently has an average rating of “Buy” and a consensus target price of C$4.50.

Foraco International Price Performance

Shares of TSE FAR opened at C$2.97 on Tuesday. The stock has a market cap of C$291.17 million, a price-to-earnings ratio of 20.19 and a beta of 1.10. The company has a debt-to-equity ratio of 99.57, a quick ratio of 0.88 and a current ratio of 1.36. Foraco International has a fifty-two week low of C$1.57 and a fifty-two week high of C$3.54. The firm’s 50-day simple moving average is C$2.90 and its 200 day simple moving average is C$2.61.

Foraco International (TSE:FAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. Foraco International had a net margin of 6.02% and a return on equity of 16.77%. The firm had revenue of C$92.11 million during the quarter.

Insider Buying and Selling

In other news, Director William Warren Holmes purchased 17,000 shares of the stock in a transaction on Monday, March 16th. The shares were acquired at an average price of C$2.84 per share, for a total transaction of C$48,280.00. Following the completion of the transaction, the director directly owned 450,001 shares of the company’s stock, valued at approximately C$1,278,002.84. This trade represents a 3.93% increase in their position. 35.74% of the stock is currently owned by insiders.

About Foraco International

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.