CanWel Building Materials Group Ltd (CWX) Expected to Post Q3 2018 Earnings of $0.13 Per Share
CanWel Building Materials Group Ltd (TSE:CWX) – National Bank Financial lowered their Q3 2018 earnings estimates for shares of CanWel Building Materials Group in a report issued on Thursday, September 13th. National Bank Financial analyst L. Aghazarian now anticipates that the company will earn $0.13 per share for the quarter, down from their prior forecast of $0.22. National Bank Financial has a “Outperform” rating and a $7.50 price objective on the stock. National Bank Financial also issued estimates for CanWel Building Materials Group’s Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.45 EPS and FY2019 earnings at $0.53 EPS.
CWX has been the subject of a number of other research reports. Canaccord Genuity lowered their target price on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a research note on Thursday, August 2nd. CIBC boosted their target price on shares of CanWel Building Materials Group from C$6.50 to C$7.00 in a research note on Thursday, July 12th. Finally, Raymond James lowered their target price on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$7.30.
CanWel Building Materials Group (TSE:CWX) last issued its earnings results on Wednesday, August 1st. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The firm had revenue of C$382.10 million for the quarter, compared to analyst estimates of C$415.20 million. CanWel Building Materials Group had a return on equity of 15.13% and a net margin of 3.65%.
In related news, insider James Salter Code acquired 6,000 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was bought at an average price of C$6.37 per share, for a total transaction of C$38,220.00. Also, Director Amar Doman acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was bought at an average price of C$6.27 per share, with a total value of C$62,700.00. In the last quarter, insiders have purchased 29,875 shares of company stock valued at $183,966.
CanWel Building Materials Group Company Profile
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.
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