Research Analysts Issue Forecasts for Hardwoods Distribution Inc’s Q4 2017 Earnings (HWD)
Hardwoods Distribution Inc (TSE:HWD) – Stock analysts at National Bank Financial dropped their Q4 2017 earnings per share estimates for shares of Hardwoods Distribution in a research report issued to clients and investors on Monday. National Bank Financial analyst L. Aghazarian now anticipates that the company will earn $0.31 per share for the quarter, down from their prior estimate of $0.32. National Bank Financial currently has a “Outperform” rating and a $27.00 target price on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s FY2019 earnings at $1.89 EPS.
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Separately, Canaccord Genuity set a C$23.00 price target on shares of Hardwoods Distribution and gave the stock a “buy” rating in a report on Monday, September 25th.
Hardwoods Distribution (TSE HWD) traded down 0.15% on Wednesday, reaching $20.66. 2,003 shares of the company traded hands. Hardwoods Distribution has a 52-week low of $16.00 and a 52-week high of $21.02. The firm has a market cap of $441.36 million and a P/E ratio of 14.01. The stock has a 50-day moving average price of $20.01 and a 200-day moving average price of $18.70.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Monday, October 16th will be issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, October 13th. This is an increase from Hardwoods Distribution’s previous quarterly dividend of $0.05.
About Hardwoods Distribution
Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.
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