Tree Island Steel Ltd. (TSE:TSL) Forecasted to Post Q2 2017 Earnings of $0.09 Per Share
Tree Island Steel Ltd. (TSE:TSL) – Investment analysts at Cormark issued their Q2 2017 earnings estimates for Tree Island Steel in a research report issued on Tuesday. Cormark analyst G. Fairweather expects that the company will earn $0.09 per share for the quarter.
Separately, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$5.75 target price on shares of Tree Island Steel in a research note on Tuesday, May 2nd.
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Tree Island Steel (TSE TSL) opened at 3.66 on Thursday. The company has a market cap of $112.52 million and a PE ratio of 11.26. The company’s 50-day moving average price is $4.01 and its 200 day moving average price is $4.28. Tree Island Steel has a 52 week low of $3.57 and a 52 week high of $6.55.
About Tree Island Steel
Tree Island Steel Ltd. is a Canada-based manufacturer and supplier of wire products for a range of applications. The Company is engaged in making products from steel wire for a range of customers for industrial, construction, agricultural and specialty applications. The Company’s products include galvanized wire, bright wire, an array of fasteners, including packaged, collated and bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products.
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