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Shawcor Ltd. (TSE:SCL - Get Rating) - Equities researchers at National Bank Financial lowered their FY2023 earnings per share estimates for shares of Shawcor in a research report issued on Monday, September 26th. National Bank Financial analyst M. Robertson now expects that the company will post earnings per share of $1.36 for the year, down from their previous estimate of $1.47. The consensus estimate for Shawcor's current full-year earnings is $1.78 per share.
Shawcor (TSE:SCL - Get Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.03 by C$0.04. The company had revenue of C$307.02 million for the quarter, compared to analyst estimates of C$279.37 million.
A number of other research firms have also issued reports on SCL. Royal Bank of Canada boosted their price objective on Shawcor from C$8.00 to C$12.00 and gave the company an "outperform" rating in a research report on Tuesday, September 13th. ATB Capital boosted their price target on Shawcor from C$10.50 to C$13.00 in a research report on Sunday, August 21st. National Bankshares boosted their price target on Shawcor from C$8.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Friday, August 19th. BMO Capital Markets boosted their price target on Shawcor from C$8.00 to C$12.00 in a research report on Friday, August 19th. Finally, TD Securities boosted their price target on Shawcor from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Tuesday, September 13th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Shawcor currently has an average rating of "Buy" and a consensus target price of C$11.58.Shawcor Trading Up 3.8 %
TSE:SCL opened at C$8.30 on Thursday. Shawcor has a 12-month low of C$4.24 and a 12-month high of C$8.75. The firm has a market capitalization of C$585.22 million and a P/E ratio of -8.28. The company has a debt-to-equity ratio of 49.80, a current ratio of 1.88 and a quick ratio of 1.29. The business has a 50 day simple moving average of C$7.06 and a 200 day simple moving average of C$6.01. Insider Transactions at Shawcor
In other news, Senior Officer Kevin Dominic Reizer sold 15,902 shares of the business's stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of C$8.20, for a total value of C$130,466.37. Following the sale, the insider now owns 12,127 shares of the company's stock, valued at approximately C$99,494.76. Shawcor Company Profile (Get Rating)
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.Recommended StoriesThis Little Known Small Cap Is Up 139%: Is The Stock A Buy?A Trio of Q3 Winners With Room to RunCan HCA Healthcare Weather the Normalization? Can United Natural Foods Fight Both Inflation and the Fed?Mullen Automotive Is Ready To Get In Gear
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