Torstar Corp. Expected to Earn FY2017 Earnings of ($0.17) Per Share (TS)
Torstar Corp. (TSE:TS) – Cormark raised their FY2017 earnings estimates for shares of Torstar Corp. in a research report issued to clients and investors on Thursday. Cormark analyst D. Mcfadgen now forecasts that the company will earn ($0.17) per share for the year, up from their prior estimate of ($0.20).
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.025 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.10 dividend on an annualized basis and a yield of Infinity.
About Torstar Corp.
Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.
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