Horizon North Logistics Inc. (TSE:HNL) – Equities researchers at Cormark issued their FY2019 earnings estimates for Horizon North Logistics in a note issued to investors on Thursday. Cormark analyst J. Zhang anticipates that the company will post earnings of $0.10 per share for the year.

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Other equities research analysts have also recently issued research reports about the stock. Scotiabank upgraded shares of Horizon North Logistics from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from C$1.50 to C$2.25 in a research note on Thursday, March 15th. Clarus Securities restated a “buy” rating on shares of Horizon North Logistics in a research note on Thursday, March 15th. National Bank Financial raised their target price on shares of Horizon North Logistics from C$1.90 to C$2.40 and gave the stock an “outperform” rating in a research note on Wednesday, March 14th. Finally, Raymond James Financial cut shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$2.15 to C$1.60 in a research note on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Horizon North Logistics has a consensus rating of “Buy” and an average price target of C$2.08.

Horizon North Logistics stock remained flat at $C$2.03 during midday trading on Monday. The company had a trading volume of 921,789 shares, compared to its average volume of 335,199. Horizon North Logistics has a 1 year low of C$1.16 and a 1 year high of C$2.05. The company has a market cap of $273.24, a P/E ratio of -25.38 and a beta of 1.31.

Horizon North Logistics (TSE:HNL) last released its earnings results on Tuesday, March 13th. The company reported C($0.03) EPS for the quarter, hitting analysts’ consensus estimates of C($0.03). Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%. The company had revenue of C$82.66 million for the quarter, compared to analysts’ expectations of C$80.45 million.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Saturday, March 31st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, March 28th. Horizon North Logistics’s payout ratio is -100.00%.

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Horizon North Logistics Company Profile

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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