Cormark Weighs in on Crown Capital Partners Inc’s FY2016 Earnings (CRN)
Crown Capital Partners Inc (TSE:CRN) – Cormark dropped their FY2016 earnings estimates for Crown Capital Partners in a report released on Thursday. Cormark analyst J. Fenwick now expects that the firm will earn $0.52 per share for the year, down from their previous estimate of $0.57. Cormark also issued estimates for Crown Capital Partners’ FY2017 earnings at $0.67 EPS.
Separately, GMP Securities reaffirmed a “buy” rating and set a C$11.50 target price on shares of Crown Capital Partners in a report on Wednesday, August 10th.
Shares of Crown Capital Partners (TSE:CRN) opened at 9.50 on Friday. Crown Capital Partners has a one year low of $6.72 and a one year high of $9.99. The stock’s 50 day moving average price is $9.63 and its 200-day moving average price is $9.42. The stock has a market cap of $90.38 million and a PE ratio of 15.63.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Tuesday, November 15th.
About Crown Capital Partners
Crown Capital Partners Inc is a Canada-based specialty finance company. The Company is focused on providing capital to Canadian companies and selected the United States companies that are unwilling or unable to obtain suitable financing from traditional capital providers, such as banks and private equity funds.
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