FY2020 EPS Estimates for Chesswood Group Ltd (CHW) Lowered by Cormark
Chesswood Group Ltd (TSE:CHW) – Equities researchers at Cormark decreased their FY2020 earnings per share (EPS) estimates for shares of Chesswood Group in a note issued to investors on Thursday, May 16th. Cormark analyst J. Fenwick now anticipates that the company will earn $1.09 per share for the year, down from their previous estimate of $1.30.
Separately, Industrial Alliance Securities boosted their target price on shares of Chesswood Group from C$15.00 to C$16.00 and gave the stock a “top pick” rating in a report on Wednesday, January 23rd.
Chesswood Group (TSE:CHW) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$29.49 million for the quarter, compared to analysts’ expectations of C$29.40 million.
The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th were issued a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend was Monday, April 29th. Chesswood Group’s dividend payout ratio (DPR) is presently 67.04%.
Chesswood Group Company Profile
Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. It operates through Equipment Financing – U.S. and Equipment Financing Canada segments. The Equipment Financing – U.S. segment offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 independent equipment finance broker companies in the lower 48 states of the United States.
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