Research Analysts Issue Forecasts for Stella-Jones Inc.’s FY2018 Earnings (SJ)
Stella-Jones Inc. (TSE:SJ) – Analysts at Desjardins issued their FY2018 earnings per share (EPS) estimates for Stella-Jones in a report issued on Monday. Desjardins analyst B. Poirier expects that the firm will post earnings of $2.83 per share for the year. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Stella-Jones’ FY2019 earnings at $3.00 EPS and FY2020 earnings at $3.15 EPS.
Other analysts also recently issued research reports about the company. Scotiabank reaffirmed a “sector perform” rating and issued a C$53.00 target price on shares of Stella-Jones in a research report on Thursday, August 11th. TD Securities lowered their target price on Stella-Jones from C$59.00 to C$56.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$56.00 price target on shares of Stella-Jones in a research report on Wednesday, July 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Stella-Jones presently has an average rating of “Buy” and an average price target of C$54.58.
Shares of Stella-Jones (TSE:SJ) traded up 0.65% during mid-day trading on Tuesday, hitting $46.38. The company’s stock had a trading volume of 29,147 shares. The company has a 50-day moving average of $44.95 and a 200 day moving average of $46.99. The company has a market cap of $3.21 billion and a price-to-earnings ratio of 19.82. Stella-Jones has a 1-year low of $39.00 and a 1-year high of $54.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 31st.
Stella-Jones Inc is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products.
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