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Shawcor Ltd. (TSE:SCL - Get Rating) - Investment analysts at Cormark upped their Q2 2022 earnings per share (EPS) estimates for shares of Shawcor in a report issued on Monday, May 16th. Cormark analyst D. Ocampo now expects that the company will post earnings of $0.08 per share for the quarter, up from their prior estimate of ($0.02). Cormark also issued estimates for Shawcor's Q3 2022 earnings at $0.22 EPS, Q4 2022 earnings at $0.33 EPS, FY2022 earnings at $0.56 EPS, Q1 2023 earnings at $0.29 EPS, Q2 2023 earnings at $0.24 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.27 EPS, FY2023 earnings at $1.07 EPS and FY2024 earnings at $1.22 EPS.

A number of other research analysts have also issued reports on SCL. Atb Cap Markets upgraded shares of Shawcor from a "sector perform" rating to an "outperform" rating in a research report on Sunday. TD Securities upgraded shares of Shawcor from a "hold" rating to a "buy" rating and increased their target price for the stock from C$6.00 to C$7.50 in a research report on Monday. ATB Capital upgraded shares of Shawcor from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$6.75 to C$8.00 in a research report on Monday. BMO Capital Markets upgraded shares of Shawcor from a "market perform" rating to an "outperform" rating and increased their target price for the stock from C$6.00 to C$7.00 in a research report on Monday. Finally, Royal Bank of Canada increased their target price on shares of Shawcor from C$7.00 to C$8.00 and gave the stock an "outperform" rating in a research report on Monday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$7.92.

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Shares of TSE:SCL opened at C$6.23 on Thursday. The company's 50 day moving average price is C$5.07 and its two-hundred day moving average price is C$5.23. Shawcor has a 12-month low of C$4.24 and a 12-month high of C$6.75. The firm has a market cap of C$439.10 million and a PE ratio of -5.55. The company has a quick ratio of 1.39, a current ratio of 1.89 and a debt-to-equity ratio of 53.98. Shawcor (TSE:SCL - Get Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported C($0.05) EPS for the quarter, beating analysts' consensus estimates of C($0.10) by C$0.05. The company had revenue of C$266.38 million during the quarter, compared to analyst estimates of C$252.13 million.

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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