Cormark Brokers Reduce Earnings Estimates for Colabor Group Inc. (TSE:GCL)

Colabor Group Inc. (TSE:GCLGet Rating) – Analysts at Cormark reduced their FY2022 earnings per share estimates for Colabor Group in a report released on Friday, April 29th. Cormark analyst K. Mcphee now expects that the company will post earnings per share of $0.07 for the year, down from their previous estimate of $0.08.

Colabor Group (TSE:GCLGet Rating) last released its quarterly earnings data on Friday, February 25th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$150.45 million for the quarter, compared to the consensus estimate of C$150.30 million.

GCL stock opened at C$0.89 on Monday. Colabor Group has a 1 year low of C$0.65 and a 1 year high of C$1.28. The stock has a market capitalization of C$90.74 million and a PE ratio of 11.71. The company has a debt-to-equity ratio of 87.39, a current ratio of 1.62 and a quick ratio of 0.87. The company’s 50-day moving average is C$0.80 and its 200-day moving average is C$0.78.

About Colabor Group (Get Rating)

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, fish, seafood, fruits and vegetables, disposables, and sanitation products.

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