Q3 2017 Earnings Forecast for Horizon North Logistics Inc. Issued By Cormark (TSE:HNL)
Horizon North Logistics Inc. (TSE:HNL) – Stock analysts at Cormark dropped their Q3 2017 EPS estimates for shares of Horizon North Logistics in a research note issued on Thursday. Cormark analyst J. Zhang now forecasts that the company will post earnings per share of ($0.02) for the quarter, down from their prior estimate of ($0.01). Cormark also issued estimates for Horizon North Logistics’ FY2017 earnings at ($0.10) EPS.
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Other research analysts have also recently issued research reports about the company. Raymond James Financial, Inc. raised Horizon North Logistics from a “market perform” rating to an “outperform” rating and set a C$2.00 price objective on the stock in a research note on Thursday, April 13th. Scotiabank dropped their price objective on Horizon North Logistics from C$3.00 to C$2.00 and set an “underperform” rating on the stock in a research note on Friday, May 5th.
Horizon North Logistics (TSE:HNL) opened at 1.27 on Monday. The stock’s market cap is $183.70 million. Horizon North Logistics has a 1-year low of $1.24 and a 1-year high of $2.35. The stock has a 50 day moving average price of $1.32 and a 200-day moving average price of $1.63.
The business also recently announced 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. The ex-dividend date is Thursday, September 28th. This represents a $0.08 dividend on an annualized basis and a yield of 6.30%.
In related news, Director Ann Isabel Rooney bought 20,000 shares of the stock in a transaction on Friday, May 26th. The stock was bought at an average price of C$1.44 per share, for a total transaction of C$28,800.00. Also, Director Roderick William Graham bought 27,000 shares of the stock in a transaction on Monday, May 15th. The shares were bought at an average price of C$1.51 per share, with a total value of C$40,770.00.
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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