Ainsworth Lumber Co. (ANS) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Ainsworth Lumber Co. (TSE:ANS) issued its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.04, Analyst Ratings News reports.
ANS has been the subject of a number of recent research reports. Analysts at Dundee Securities initiated coverage on shares of Ainsworth Lumber Co. in a research note on Tuesday, July 8th. They set a “sell” rating on the stock. On a related note, analysts at RBC Capital reiterated an “outperform” rating on shares of Ainsworth Lumber Co. in a research note on Tuesday, May 20th. They now have a C$3.50 price target on the stock, down previously from C$4.50. Finally, analysts at Raymond James upgraded shares of Ainsworth Lumber Co. from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a C$3.75 price target on the stock, down previously from C$3.76. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$3.84.
Shares of Ainsworth Lumber Co. (TSE:ANS) opened at 2.49 on Wednesday. Ainsworth Lumber Co. has a 1-year low of $2.45 and a 1-year high of $4.22. The stock’s 50-day moving average is $2.72 and its 200-day moving average is $3.37. The company’s market cap is $599.9 million.
Ainsworth Lumber Co Ltd. (TSE:ANS) is a Canada-based manufacturer and supplier of oriented strand board (OSB) with a focus on value-added specialty products for markets in North America and Asia.
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