Hardwoods Distribution Inc (HDI) to Post FY2019 Earnings of $1.70 Per Share, Cormark Forecasts
Hardwoods Distribution Inc (TSE:HDI) – Investment analysts at Cormark boosted their FY2019 earnings per share estimates for Hardwoods Distribution in a research report issued to clients and investors on Monday, March 18th. Cormark analyst M. Macdougall now forecasts that the company will post earnings per share of $1.70 for the year, up from their prior forecast of $1.67. Cormark also issued estimates for Hardwoods Distribution’s FY2020 earnings at $1.83 EPS.
Several other research firms have also weighed in on HDI. National Bank Financial reiterated an “outperform market weight” rating on shares of Hardwoods Distribution in a research note on Wednesday, January 30th. Canaccord Genuity lowered their price objective on shares of Hardwoods Distribution from C$17.00 to C$15.00 in a research note on Monday.
Hardwoods Distribution (TSE:HDI) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.03). The firm had revenue of C$274.99 million for the quarter, compared to the consensus estimate of C$264.30 million.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.32 annualized dividend and a dividend yield of 2.65%. Hardwoods Distribution’s dividend payout ratio is currently 19.97%.
Hardwoods Distribution Company Profile
Hardwoods Distribution Inc distributes hardwood lumber, plywood, medium density fiberboard, melamine, particleboards, and specialty products to the industrial and retail markets in North America. The company also distributes decorative surface, such as hardwood plywood, reconstituted veneers, thermally fused laminate, vinyl and foil overlays, and high pressure laminate bonded panels; and composite panels, including hardboard, particleboards, and fiberboards.
Read More: Treasury Bonds
Receive News & Ratings for Hardwoods Distribution Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hardwoods Distribution and related companies with MarketBeat.com's FREE daily email newsletter.