Crown Capital Partners Inc to Post FY2016 Earnings of $0.59 Per Share, Raymond James Financial Forecasts (CRN)
Crown Capital Partners Inc (TSE:CRN) – Investment analysts at Raymond James Financial lowered their FY2016 earnings per share (EPS) estimates for shares of Crown Capital Partners in a note issued to investors on Wednesday. Raymond James Financial analyst M. Overvelde now expects that the firm will earn $0.59 per share for the year, down from their prior estimate of $0.70. Raymond James Financial also issued estimates for Crown Capital Partners’ Q4 2016 earnings at $0.16 EPS, Q2 2017 earnings at $0.25 EPS, Q3 2017 earnings at $0.24 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $0.98 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.40 EPS and FY2018 earnings at $1.43 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.
Crown Capital Partners (TSE:CRN) opened at 9.50 on Friday. Crown Capital Partners has a 52-week low of $6.72 and a 52-week high of $9.99. The stock has a market cap of $90.38 million and a P/E ratio of 15.63. The firm’s 50-day moving average is $9.63 and its 200-day moving average is $9.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis 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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