FY2017 Earnings Estimate for Horizon North Logistics Inc. (TSE:HNL) Issued By National Bank Financial
Horizon North Logistics Inc. (TSE:HNL) – Investment analysts at National Bank Financial lifted their FY2017 earnings per share (EPS) estimates for shares of Horizon North Logistics in a note issued to investors on Wednesday. National Bank Financial analyst G. Colman now expects that the company will post earnings of $0.00 per share for the year, up from their previous forecast of ($0.02). National Bank Financial also issued estimates for Horizon North Logistics’ Q4 2017 earnings at $0.01 EPS and FY2018 earnings at $0.03 EPS.
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Several other research firms also recently commented on HNL. Raymond James Financial, Inc. dropped their price objective on shares of Horizon North Logistics from C$2.00 to C$1.75 and set an “outperform” rating on the stock in a report on Wednesday, May 10th. Scotiabank dropped their price objective on shares of Horizon North Logistics from C$3.00 to C$2.00 and set an “underperform” rating on the stock in a report on Friday, May 5th.
Shares of Horizon North Logistics (HNL) opened at 1.27 on Monday. The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.63. Horizon North Logistics has a 52 week low of $1.24 and a 52 week high of $2.35. The firm’s market cap is $183.70 million.
In other Horizon North Logistics news, Director Roderick William Graham acquired 27,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were acquired at an average cost of C$1.51 per share, with a total value of C$40,770.00. Also, Director Ann Isabel Rooney acquired 20,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were acquired at an average cost of C$1.44 per share, for a total transaction of C$28,800.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 6.30%. The ex-dividend date is Thursday, September 28th.
About Horizon North Logistics
Horizon North Logistics Inc, a remote resource development service company, provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. It operates through two segments, Camps & Catering, and Rentals & Logistics. The Camps & Catering segment offers workforce accommodation, camp rental, and catering services; and manufactures and sells camps, as well as provides related transportation and installation services.
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