Q3 2017 EPS Estimates for Stella-Jones Inc Reduced by Analyst (SJ)
Stella-Jones Inc (TSE:SJ) – Investment analysts at National Bank Financial reduced their Q3 2017 earnings per share (EPS) estimates for Stella-Jones in a report released on Monday. National Bank Financial analyst L. Aghazarian now anticipates that the company will earn $0.61 per share for the quarter, down from their previous forecast of $0.62. National Bank Financial currently has a “Sector Perform” rating and a $52.00 target price on the stock. National Bank Financial also issued estimates for Stella-Jones’ Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $2.04 EPS and FY2018 earnings at $2.51 EPS.
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SJ has been the subject of several other reports. Royal Bank Of Canada restated an “outperform” rating and set a C$56.00 price target on shares of Stella-Jones in a research report on Tuesday. TD Securities upped their price target on shares of Stella-Jones from C$44.00 to C$48.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. Finally, Scotiabank upped their price target on shares of Stella-Jones from C$41.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$48.00.
Shares of Stella-Jones (TSE SJ) opened at 49.49 on Wednesday. The firm has a market cap of $3.43 billion and a P/E ratio of 24.75. Stella-Jones has a 12-month low of $37.17 and a 12-month high of $49.69. The company’s 50 day moving average price is $48.21 and its 200 day moving average price is $44.86.
In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$48,700.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.44 annualized dividend and a yield of 0.89%.
Stella-Jones Company Profile
Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.
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