Westshore Terminals Investment (TSE:WTE) Posts Earnings Results

Westshore Terminals Investment (TSE:WTE) posted its quarterly earnings results on Wednesday. The company reported C$0.41 EPS for the quarter, FiscalAI reports. The firm had revenue of C$93.57 million for the quarter. Westshore Terminals Investment had a net margin of 29.68% and a return on equity of 13.48%.

Westshore Terminals Investment Stock Performance

TSE WTE traded down C$0.12 during trading hours on Wednesday, hitting C$39.09. The company’s stock had a trading volume of 126,479 shares, compared to its average volume of 116,947. Westshore Terminals Investment has a 12 month low of C$24.50 and a 12 month high of C$43.60. The company’s 50 day simple moving average is C$40.24 and its two-hundred day simple moving average is C$35.88. The company has a market cap of C$2.41 billion, a P/E ratio of 24.58 and a beta of 0.73. The company has a debt-to-equity ratio of 59.39, a current ratio of 0.98 and a quick ratio of 2.07.

Analyst Ratings Changes

Separately, Royal Bank Of Canada boosted their price objective on shares of Westshore Terminals Investment from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$42.00.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship.