Stella-Jones (SJ) to Release Quarterly Earnings on Wednesday

Stella-Jones (TSE:SJ) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of C$1.09 per share for the quarter.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.98 earnings per share for the quarter, beating the consensus estimate of C$0.90 by C$0.08. The firm had revenue of C$688.00 million for the quarter, compared to analyst estimates of C$722.50 million. Stella-Jones had a net margin of 9.82% and a return on equity of 20.32%.

Stella-Jones Stock Performance

Shares of SJ opened at C$72.49 on Monday. Stella-Jones has a one year low of C$53.49 and a one year high of C$85.77. The company has a market cap of C$4.11 billion, a PE ratio of 12.90, a P/E/G ratio of 2.40 and a beta of 0.68. The stock has a 50-day moving average of C$77.99 and a 200-day moving average of C$78.27. The company has a debt-to-equity ratio of 97.46, a current ratio of 5.07 and a quick ratio of 1.20.

Stella-Jones Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, April 1st were issued a $0.28 dividend. This is a boost from Stella-Jones’s previous quarterly dividend of $0.23. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, March 28th. Stella-Jones’s dividend payout ratio (DPR) is currently 19.93%.

Analysts Set New Price Targets

SJ has been the topic of a number of recent research reports. CIBC raised their target price on Stella-Jones from C$85.00 to C$86.00 in a report on Thursday, April 11th. TD Securities reduced their target price on shares of Stella-Jones from C$96.00 to C$94.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Desjardins lowered their target price on shares of Stella-Jones from C$94.00 to C$92.00 and set a “buy” rating for the company in a report on Friday, March 1st. Scotiabank cut their price target on shares of Stella-Jones from C$89.00 to C$86.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. Finally, Royal Bank of Canada increased their price objective on shares of Stella-Jones from C$91.00 to C$94.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stella-Jones currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.71.

Insider Transactions at Stella-Jones

In other news, Director Kevin Patrick Comerford bought 1,300 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of C$53.39 per share, for a total transaction of C$69,407.00. In other Stella-Jones news, Director Kevin Patrick Comerford bought 1,300 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of C$53.39 per share, for a total transaction of C$69,407.00. Also, Director Simon Pelletier purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of C$73.15 per share, with a total value of C$146,290.00. Over the last ninety days, insiders have bought 3,800 shares of company stock valued at $251,922. 0.14% of the stock is currently owned by corporate insiders.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.