FY2023 EPS Estimates for Chemtrade Logistics Income Fund Reduced by Raymond James (TSE:CHE)

Chemtrade Logistics Income Fund (TSE:CHE – Get Rating) – Investment analysts at Raymond James dropped their FY2023 earnings estimates for Chemtrade Logistics Income Fund in a report released on Tuesday, January 17th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $0.55 for the year, down from their previous forecast of $0.67.

Chemtrade Logistics Income Fund (TSE:CHE – Get Rating) last posted its earnings results on Monday, November 7th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.19. The business had revenue of C$519.92 million during the quarter, compared to analyst estimates of C$454.03 million.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 26th. Investors of record on Friday, December 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.60 dividend on an annualized basis and a yield of ∞.