FY2016 Earnings Forecast for Badger Daylighting Ltd Issued By Cormark (BAD)
Badger Daylighting Ltd (TSE:BAD) – Analysts at Cormark reduced their FY2016 earnings per share (EPS) estimates for Badger Daylighting in a research report issued to clients and investors on Tuesday. Cormark analyst G. Fairweather now forecasts that the brokerage will post earnings of $0.87 per share for the year, down from their previous forecast of $1.03. Cormark has a “Market Perform” rating on the stock. Cormark also issued estimates for Badger Daylighting’s FY2017 earnings at $1.44 EPS and FY2018 earnings at $1.71 EPS.
A number of other equities research analysts also recently issued reports on the company. Canaccord Genuity boosted their price target on Badger Daylighting from C$30.00 to C$33.00 and gave the company a “buy” rating in a research report on Tuesday. Acumen Capital boosted their price target on Badger Daylighting from C$27.30 to C$30.30 and gave the company a “buy” rating in a research report on Thursday, October 6th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$31.00 price target on shares of Badger Daylighting in a research report on Wednesday, September 28th.
Badger Daylighting (TSE:BAD) opened at 28.50 on Wednesday. The stock has a market cap of $1.06 billion and a P/E ratio of 22.41. Badger Daylighting has a 12-month low of $19.50 and a 12-month high of $30.10. The stock has a 50 day moving average price of $28.78 and a 200-day moving average price of $24.86.
In related news, Director Paul James Vanderberg acquired 9,000 shares of Badger Daylighting stock in a transaction on Wednesday, October 5th. The shares were bought at an average price of C$28.49 per share, for a total transaction of C$256,410.00.
The company also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, October 27th.
Badger Daylighting Company Profile
Badger Daylighting Ltd. (Badger) is a provider of non-destructive excavating services. The Company works for contractors and facility owners in the utility and petroleum industries. The Company operates in three divisions: rents and sells various lines of trench shielding used to shore and strengthen trenches dug for a range of purposes; provides sewer inspection services and limited sewer flush services, and provides general vacuum truck and auxiliary services to the oil and gas industry, focusing primarily on production tank cleaning and removal of waste oil and sand.
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