National Bank Financial Weighs in on Shawcor Ltd’s Q2 2019 Earnings (SCL)
Shawcor Ltd (TSE:SCL) – Stock analysts at National Bank Financial cut their Q2 2019 earnings per share (EPS) estimates for shares of Shawcor in a research report issued to clients and investors on Wednesday, May 15th. National Bank Financial analyst G. Colman now forecasts that the company will earn ($0.03) per share for the quarter, down from their previous forecast of $0.11. National Bank Financial has a “Outperform” rating and a $33.00 price target on the stock. National Bank Financial also issued estimates for Shawcor’s Q3 2019 earnings at $0.01 EPS and FY2019 earnings at $0.29 EPS.
A number of other equities analysts have also issued reports on the stock. BMO Capital Markets dropped their target price on shares of Shawcor from C$32.00 to C$28.00 in a research report on Thursday. AltaCorp Capital reaffirmed an “outperform” rating on shares of Shawcor in a research report on Tuesday, April 2nd. Cormark dropped their target price on shares of Shawcor from C$35.00 to C$28.00 and set a “buy” rating on the stock in a research report on Tuesday, March 12th. Finally, Industrial Alliance Securities boosted their target price on shares of Shawcor from C$26.50 to C$27.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 22nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Shawcor has a consensus rating of “Buy” and a consensus target price of C$28.10.
Shawcor (TSE:SCL) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$0.06 EPS for the quarter, beating the Zacks’ consensus estimate of C($0.04) by C$0.10. The firm had revenue of C$354.15 million during the quarter, compared to the consensus estimate of C$336.10 million.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, May 23rd. Shawcor’s dividend payout ratio (DPR) is currently 162.60%.
In related news, Senior Officer Kevin Dominic Reizer sold 1,573 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$21.00, for a total transaction of C$33,033.00. Following the transaction, the insider now owns 427 shares of the company’s stock, valued at C$8,967.
Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.
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