Strongco Corp. (SQP) Releases Quarterly Earnings Results
Strongco Corp. (TSE:SQP) announced its earnings results on Friday. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.02, Analyst Ratings Network reports.
Shares of Strongco Corp. (TSE:SQP) opened at 3.61 on Friday. Strongco Corp. has a 1-year low of $3.44 and a 1-year high of $4.73. The stock’s 50-day moving average is $3.86 and its 200-day moving average is $3.97. The company has a market cap of $47.7 million and a P/E ratio of 22.94.
A number of research firms have recently commented on SQP. Analysts at Raymond James raised their price target on shares of Strongco Corp. from C$4.00 to C$4.50 in a research note on Monday, July 21st. They now have a “market perform” rating on the stock. Analysts at Canaccord Genuity raised their price target on shares of Strongco Corp. from C$5.50 to C$6.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$5.00.
Strongco Corporation (TSE:SQP) is a Canada-based multiline mobile equipment dealers and operates in the northeastern United States through Chadwick-BaRoss, Inc Strongco sells, rents and services equipment used in sectors, such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry.
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