National Bank Financial Brokers Raise Earnings Estimates for Hardwoods Distribution Inc (TSE:HDI)
Hardwoods Distribution Inc (TSE:HDI) – Analysts at National Bank Financial upped their FY2019 EPS estimates for shares of Hardwoods Distribution in a report released on Tuesday, August 13th. National Bank Financial analyst Z. Evershed now expects that the company will earn $1.34 per share for the year, up from their previous estimate of $1.33. National Bank Financial currently has a “Outperform” rating and a $18.50 target price on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q4 2019 earnings at $0.24 EPS and FY2020 earnings at $1.66 EPS.
Separately, CIBC decreased their price objective on shares of Hardwoods Distribution from C$16.00 to C$15.00 in a report on Friday, July 5th.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 26th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.32 dividend on an annualized basis and a yield of 2.67%. Hardwoods Distribution’s payout ratio is currently 21.94%.
Hardwoods Distribution Company Profile
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.
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