Desjardins Comments on 5N Plus Inc.’s Q2 2022 Earnings (TSE:VNP)

5N Plus Inc. (TSE:VNP – Get Rating) – Research analysts at Desjardins decreased their Q2 2022 earnings per share (EPS) estimates for 5N Plus in a report issued on Thursday, May 5th. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.03. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for 5N Plus’ Q3 2022 earnings at $0.01 EPS and Q4 2022 earnings at $0.03 EPS.

5N Plus (TSE:VNP – Get Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The company reported C$0.02 EPS for the quarter, hitting the consensus estimate of C$0.02. The company had revenue of C$81.39 million during the quarter, compared to the consensus estimate of C$72.07 million.

Several other brokerages have also commented on VNP. National Bankshares lowered shares of 5N Plus from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$4.25 to C$2.50 in a research report on Thursday. Raymond James reduced their target price on shares of 5N Plus from C$4.00 to C$3.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$3.95.

Shares of VNP stock opened at C$1.22 on Monday. The firm has a market cap of C$107.76 million and a price-to-earnings ratio of 25.42. The company has a debt-to-equity ratio of 109.18, a quick ratio of 1.28 and a current ratio of 3.01. 5N Plus has a 52 week low of C$1.19 and a 52 week high of C$4.20. The firm’s 50-day simple moving average is C$2.16 and its two-hundred day simple moving average is C$2.33.

5N Plus Company Profile (Get Rating)

5N Plus Inc produces and sells semiconductors in North America, Europe, and Asia. It operates through Specialty Semiconductors and Performance Material segments. The company offers low melting point alloys, semiconductor compounds and wafers, as well as various chemicals, and metals. It is also involved in manufacture of metallic powders for micro-electronic and manufacturing applications.

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