Beacon Securities Brokers Decrease Earnings Estimates for Aveda Transportation and Energy Svcs Inc (AVE)
Aveda Transportation and Energy Svcs Inc (CVE:AVE) – Analysts at Beacon Securities cut their Q4 2017 earnings per share (EPS) estimates for shares of Aveda Transportation and Energy Svcs in a research note issued on Wednesday. Beacon Securities analyst K. Wilson now expects that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.01.
Separately, Canaccord Genuity reaffirmed a “speculative buy” rating and issued a C$0.85 price target on shares of Aveda Transportation and Energy Svcs in a research note on Wednesday, July 12th.
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Aveda Transportation and Energy Svcs (CVE:AVE) last released its earnings results on Tuesday, May 16th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $40.96 million for the quarter, compared to analyst estimates of $40.10 million. Aveda Transportation and Energy Svcs had a negative net margin of 8.33% and a negative return on equity of 43.51%.
In related news, insider Bharat Mahajan bought 189,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of C$0.53 per share, with a total value of C$100,170.00.
About Aveda Transportation and Energy Svcs
Aveda Transportation and Energy Services Inc is a Canada-based company engaged in the transportation of products, materials, and equipment required for the exploration, development and production of petroleum resources, including rig moving, heavy haul and hot shot services, and the rental of equipment associated with oilfields operations.
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