Horizon North Logistics Inc. (HNL) Forecasted to Post FY2018 Earnings of $0.05 Per Share
Horizon North Logistics Inc. (TSE:HNL) – Equities researchers at National Bank Financial raised their FY2018 earnings estimates for Horizon North Logistics in a research note issued on Thursday. National Bank Financial analyst G. Colman now expects that the company will post earnings per share of $0.05 for the year, up from their prior forecast of $0.04. National Bank Financial currently has a “Outperform” rating and a $2.40 price target on the stock.
A number of other equities analysts have also weighed in on the company. Beacon Securities reissued a “buy” rating on shares of Horizon North Logistics in a research note on Wednesday, September 13th. Raymond James Financial, Inc. boosted their price objective on Horizon North Logistics from C$1.75 to C$2.00 in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$2.33.
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Shares of Horizon North Logistics (TSE HNL) traded up C$0.01 during trading hours on Monday, hitting C$1.64. The stock had a trading volume of 124,532 shares, compared to its average volume of 288,687. Horizon North Logistics has a 12-month low of C$1.16 and a 12-month high of C$2.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.88%.
About Horizon North Logistics
Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.
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