Torstar Corp. (TSE:TS) Expected to Post FY2017 Earnings of ($0.17) Per Share
Torstar Corp. (TSE:TS) – Equities research analysts at Cormark increased their FY2017 earnings estimates for shares of Torstar Corp. in a report released on Thursday. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of ($0.17) per share for the year, up from their prior estimate of ($0.20).
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Thursday, September 7th.
Torstar Corp. Company Profile
Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.
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