Desjardins Weighs in on Gluskin Sheff + Associates Inc’s Q1 2018 Earnings (GS)
Gluskin Sheff + Associates Inc (TSE:GS) – Equities researchers at Desjardins issued their Q1 2018 earnings estimates for Gluskin Sheff + Associates in a research report issued on Tuesday. Desjardins analyst G. Ho expects that the company will earn $0.22 per share for the quarter. Desjardins also issued estimates for Gluskin Sheff + Associates’ Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.49 EPS.
Several other analysts also recently weighed in on the stock. CIBC reiterated an “outperform” rating on shares of Gluskin Sheff + Associates in a report on Thursday, June 29th. TD Securities lifted their target price on shares of Gluskin Sheff + Associates from C$17.00 to C$19.00 and gave the company a “hold” rating in a report on Friday, July 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$18.00 target price on shares of Gluskin Sheff + Associates in a report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$18.64.
Gluskin Sheff + Associates (GS) opened at 18.31 on Friday. The firm’s 50 day moving average price is $17.12 and its 200 day moving average price is $16.88. Gluskin Sheff + Associates has a 12 month low of $14.39 and a 12 month high of $19.93. The stock has a market cap of $551.77 million and a price-to-earnings ratio of 14.08.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Tuesday, October 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Monday, October 2nd. This is a boost from Gluskin Sheff + Associates’s previous quarterly dividend of $0.23.
In other news, insider Peter Aaron Zaltz sold 8,221 shares of Gluskin Sheff + Associates stock in a transaction on Friday, September 15th. The shares were sold at an average price of C$17.32, for a total transaction of C$142,387.72.
About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.
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