Stella-Jones (TSE:SJ) Hits New 1-Year Low at $33.81

Stella-Jones Inc. (TSE:SJGet Rating) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$33.81 and last traded at C$33.90, with a volume of 16696 shares. The stock had previously closed at C$34.89.

A number of brokerages have issued reports on SJ. Royal Bank of Canada dropped their target price on shares of Stella-Jones from C$43.00 to C$40.00 and set a “sector perform” rating for the company in a report on Thursday, May 12th. CIBC dropped their price target on shares of Stella-Jones from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Friday, May 13th. Finally, TD Securities decreased their price objective on shares of Stella-Jones from C$56.00 to C$50.00 and set an “action list buy” rating for the company in a report on Thursday, May 12th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stella-Jones has a consensus rating of “Buy” and an average target price of C$51.00.

The firm has a market capitalization of C$2.11 billion and a PE ratio of 10.06. The business has a 50-day moving average of C$36.23 and a 200 day moving average of C$38.57. The company has a current ratio of 6.85, a quick ratio of 1.66 and a debt-to-equity ratio of 74.12.

Stella-Jones (TSE:SJGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported C$0.73 earnings per share for the quarter, beating the consensus estimate of C$0.66 by C$0.07. The business had revenue of C$651.00 million during the quarter, compared to analysts’ expectations of C$568.57 million. On average, sell-side analysts expect that Stella-Jones Inc. will post 3.7179455 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, May 31st. Stella-Jones’s dividend payout ratio is currently 21.96%.

About Stella-Jones (TSE:SJ)

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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