Stella-Jones Inc. (TSE:SJ) Forecasted to Earn Q3 2024 Earnings of $1.81 Per Share

Stella-Jones Inc. (TSE:SJ) – Analysts at Desjardins issued their Q3 2024 earnings estimates for Stella-Jones in a research note issued to investors on Wednesday, April 3rd. Desjardins analyst B. Poirier forecasts that the company will earn $1.81 per share for the quarter. Desjardins has a “Buy” rating and a $92.00 price objective on the stock. The consensus estimate for Stella-Jones’ current full-year earnings is $5.73 per share.

Several other research analysts have also recently weighed in on SJ. Scotiabank reduced their price target on shares of Stella-Jones from C$89.00 to C$86.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. National Bankshares upped their price target on shares of Stella-Jones from C$87.00 to C$89.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada upped their price target on shares of Stella-Jones from C$91.00 to C$94.00 and gave the company an “outperform” rating in a report on Friday, March 1st. TD Securities reduced their price target on shares of Stella-Jones from C$96.00 to C$94.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, CIBC increased their target price on shares of Stella-Jones from C$116.00 to C$120.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$93.57.

Stella-Jones Stock Up 0.6 %

Stella-Jones stock opened at C$80.00 on Monday. The stock has a market capitalization of C$4.54 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.40 and a beta of 0.68. Stella-Jones has a twelve month low of C$51.02 and a twelve month high of C$85.77. The company has a quick ratio of 1.20, a current ratio of 5.07 and a debt-to-equity ratio of 97.46. The company has a 50 day moving average of C$77.81 and a 200-day moving average of C$76.59.

Stella-Jones (TSE:SJ) last issued its earnings results on Thursday, February 29th. The company reported C$0.98 EPS for the quarter, beating the consensus estimate of C$0.90 by C$0.08. Stella-Jones had a net margin of 9.82% and a return on equity of 20.32%. The firm had revenue of C$688.00 million during the quarter, compared to the consensus estimate of C$722.50 million.

Stella-Jones Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Monday, April 1st will be issued a dividend of $0.28 per share. This is a boost from Stella-Jones’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.12 annualized dividend and a yield of 1.40%. Stella-Jones’s dividend payout ratio is presently 19.93%.

Insider Buying and Selling

In other news, Director Kevin Patrick Comerford purchased 1,300 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of C$53.39 per share, for a total transaction of C$69,407.00. In other news, Senior Officer Richard Cuddihy purchased 500 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of C$72.45 per share, for a total transaction of C$36,225.00. Also, Director Kevin Patrick Comerford purchased 1,300 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of C$53.39 per share, with a total value of C$69,407.00. Over the last 90 days, insiders acquired 3,800 shares of company stock worth $251,922. 0.14% of the stock is owned by insiders.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.