Stella-Jones (SJ) Stock Price Down 3.5% After Earnings Miss
Stella-Jones Inc (TSE:SJ) dropped 3.5% during trading on Friday following a weaker than expected earnings announcement. The company traded as low as C$39.14 and last traded at C$39.90. Approximately 129,530 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 107,867 shares. The stock had previously closed at C$41.35.
The company reported C$0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.44 by C($0.14). The firm had revenue of C$432.80 million during the quarter, compared to the consensus estimate of C$417.40 million.
The firm has a market cap of $2.87 billion and a price-to-earnings ratio of 17.19. The company has a debt-to-equity ratio of 40.30, a current ratio of 5.99 and a quick ratio of 1.76.
Stella-Jones Company Profile (TSE:SJ)
Stella-Jones Inc produces, markets, and sells pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, and panelized railway crossings; and construction timbers.
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