Analysts Offer Predictions for Shawcor Ltd’s FY2017 Earnings (SCL)
Shawcor Ltd (TSE:SCL) – Stock analysts at Cormark cut their FY2017 EPS estimates for Shawcor in a report released on Tuesday. Cormark analyst J. Zhang now forecasts that the company will post earnings per share of $1.12 for the year, down from their previous estimate of $1.35. Cormark also issued estimates for Shawcor’s Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.09 EPS and Q4 2018 earnings at $0.07 EPS.
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Other equities research analysts have also recently issued reports about the company. Scotiabank raised Shawcor from an “underperform” rating to a “sector perform” rating and set a C$32.00 price objective for the company in a research note on Tuesday, November 14th. National Bank Financial lifted their price objective on Shawcor from C$35.00 to C$36.00 in a research note on Monday, November 13th. TD Securities set a C$33.00 price objective on Shawcor and gave the stock a “buy” rating in a research note on Saturday, September 23rd. Finally, BMO Capital Markets decreased their price objective on Shawcor from C$42.00 to C$36.00 in a research note on Monday, August 14th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Shawcor presently has an average rating of “Buy” and an average price target of C$36.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. Shawcor’s dividend payout ratio (DPR) is presently 51.72%.
Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.
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