Atb Cap Markets Weighs in on Shawcor Ltd.’s FY2022 Earnings (TSE:SCL)

Shawcor Ltd. (TSE:SCLGet Rating) – Research analysts at Atb Cap Markets lifted their FY2022 EPS estimates for Shawcor in a research report issued to clients and investors on Tuesday, November 15th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings per share of $0.69 for the year, up from their previous estimate of $0.40. The consensus estimate for Shawcor’s current full-year earnings is $1.78 per share. Atb Cap Markets also issued estimates for Shawcor’s Q4 2022 earnings at $0.20 EPS, Q1 2023 earnings at $0.30 EPS, Q2 2023 earnings at $0.45 EPS, Q1 2024 earnings at $0.68 EPS, Q2 2024 earnings at $0.59 EPS, Q3 2024 earnings at $0.35 EPS and FY2024 earnings at $1.92 EPS.

Several other brokerages also recently issued reports on SCL. Canaccord Genuity Group increased their price objective on shares of Shawcor from C$13.50 to C$14.50 in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Shawcor from C$11.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets raised their target price on shares of Shawcor from C$12.00 to C$15.00 in a research report on Tuesday. National Bankshares raised their target price on shares of Shawcor from C$12.00 to C$14.00 in a research report on Tuesday. Finally, Cormark decreased their target price on shares of Shawcor from C$17.50 to C$15.00 in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Shawcor has an average rating of “Moderate Buy” and a consensus price target of C$14.75.

Shawcor Stock Down 0.3 %

Shares of SCL stock opened at C$11.90 on Friday. The firm has a fifty day moving average of C$9.27 and a 200-day moving average of C$7.19. The company has a quick ratio of 1.29, a current ratio of 1.88 and a debt-to-equity ratio of 49.80. Shawcor has a 12-month low of C$4.24 and a 12-month high of C$12.10. The company has a market capitalization of C$836.76 million and a price-to-earnings ratio of -11.86.

Insider Activity

In other news, Senior Officer Kevin Dominic Reizer sold 15,902 shares of Shawcor stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of C$8.20, for a total value of C$130,466.37. Following the completion of the transaction, the insider now owns 12,127 shares of the company’s stock, valued at approximately C$99,494.76.

About Shawcor

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Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.

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Earnings History and Estimates for Shawcor (TSE:SCL)

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