Cormark Analysts Raise Earnings Estimates for Distinct Infrastructure Group Inc (DUG)
Distinct Infrastructure Group Inc (CVE:DUG) – Equities research analysts at Cormark upped their FY2016 earnings estimates for Distinct Infrastructure Group in a report released on Monday. Cormark analyst G. Fairweather now expects that the brokerage will post earnings per share of $0.04 for the year, up from their previous estimate of $0.02. Cormark also issued estimates for Distinct Infrastructure Group’s FY2017 earnings at $0.10 EPS and FY2018 earnings at $0.17 EPS.
DUG has been the topic of a number of other reports. Canaccord Genuity restated a “speculative buy” rating and set a C$1.80 price objective on shares of Distinct Infrastructure Group in a research report on Monday. Mackie upped their price target on Distinct Infrastructure Group from C$0.25 to C$2.50 in a research report on Tuesday, September 6th. Finally, AltaCorp Capital upped their price target on Distinct Infrastructure Group from C$0.20 to C$2.15 and gave the company an “outperform” rating in a research report on Wednesday, September 7th.
Distinct Infrastructure Group Company Profile
Distinct Infrastructure Group Inc, formerly QE2 Acquisition Corp., is a utility and telecom infrastructure contractor with capabilities in design, engineering, construction, service and maintenance, and materials management. The Company focuses on the Ontario and Alberta economic landscape of opportunity in infrastructure, utilities and telecommunication.
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