Research Analysts Issue Forecasts for Stella-Jones Inc.’s Q2 2022 Earnings (TSE:SJ)

Stella-Jones Inc. (TSE:SJGet Rating) – Equities researchers at Desjardins cut their Q2 2022 earnings estimates for Stella-Jones in a research note issued to investors on Wednesday, May 11th. Desjardins analyst B. Poirier now expects that the company will post earnings of $1.19 per share for the quarter, down from their prior estimate of $1.21. Desjardins also issued estimates for Stella-Jones’ Q3 2022 earnings at $0.97 EPS, Q4 2022 earnings at $0.62 EPS and FY2023 earnings at $3.93 EPS.

A number of other research analysts have also recently issued reports on SJ. TD Securities decreased their target price on Stella-Jones from C$56.00 to C$50.00 and set an “action list buy” rating on the stock in a research report on Thursday. CIBC reduced their price target on Stella-Jones from C$50.00 to C$47.00 in a report on Thursday, April 21st. Finally, Royal Bank of Canada reduced their price target on Stella-Jones from C$43.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Thursday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$51.29.

Stella-Jones stock opened at C$34.06 on Friday. Stella-Jones has a 12-month low of C$33.93 and a 12-month high of C$50.34. The company has a quick ratio of 0.99, a current ratio of 5.74 and a debt-to-equity ratio of 60.64. The business’s 50-day moving average price is C$37.51 and its two-hundred day moving average price is C$39.75. The stock has a market cap of C$2.17 billion and a PE ratio of 9.76.

Stella-Jones (TSE:SJGet Rating) last released its earnings results on Wednesday, March 9th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.02. The business had revenue of C$545.00 million during the quarter, compared to the consensus estimate of C$486.00 million.

The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Monday, April 4th were issued a dividend of $0.20 per share. This is a boost from Stella-Jones’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Friday, April 1st. Stella-Jones’s payout ratio is 20.63%.

About Stella-Jones (Get Rating)

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.

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Earnings History and Estimates for Stella-Jones (TSE:SJ)

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