Hardwoods Distribution Inc Expected to Post FY2016 Earnings of $1.23 Per Share (HWD)
Hardwoods Distribution Inc (TSE:HWD) – Equities researchers at Cormark dropped their FY2016 EPS estimates for Hardwoods Distribution in a note issued to investors on Thursday. Cormark analyst M. Macdougall now expects that the firm will post earnings of $1.23 per share for the year, down from their prior forecast of $1.25. Cormark also issued estimates for Hardwoods Distribution’s FY2017 earnings at $1.52 EPS.
Separately, Acumen Capital reaffirmed a “buy” rating and set a C$22.75 price target on shares of Hardwoods Distribution in a research note on Tuesday, October 18th.
Shares of Hardwoods Distribution (TSE:HWD) opened at 17.65 on Monday. Hardwoods Distribution has a 1-year low of $15.06 and a 1-year high of $19.72. The stock has a 50 day moving average price of $18.80 and a 200-day moving average price of $17.70. The company has a market cap of $376.09 million and a price-to-earnings ratio of 14.59.
About Hardwoods Distribution
Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.
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