Chemtrade Logistics Income Fund (TSE:CHE.UN) Issues Quarterly Earnings Results

Chemtrade Logistics Income Fund (TSE:CHE.UN) posted its quarterly earnings data on Friday. The company reported C$0.42 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$633.10 million during the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN stock traded down C$0.09 during midday trading on Friday, reaching C$14.61. 230,052 shares of the company’s stock traded hands, compared to its average volume of 300,594. The firm has a market capitalization of C$1.64 billion, a PE ratio of 11.50 and a beta of 0.86. The company has a 50-day moving average price of C$14.67 and a two-hundred day moving average price of C$15.75. Chemtrade Logistics Income Fund has a 52 week low of C$13.29 and a 52 week high of C$18.43. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 4.9%. Chemtrade Logistics Income Fund’s payout ratio is presently 55.51%.

Wall Street Analysts Forecast Growth

Separately, Desjardins boosted their target price on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.08.

About Chemtrade Logistics Income Fund

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide.