CanWel Building Materials Group Ltd (CWX) to Release Earnings on Monday
CanWel Building Materials Group Ltd (TSE:CWX) will be posting its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect CanWel Building Materials Group to post earnings of C$0.17 per share for the quarter.
CanWel Building Materials Group (TSE:CWX) last issued its quarterly earnings results on Thursday, July 27th. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.16 by C$0.01. The business had revenue of C$320.04 million for the quarter, compared to the consensus estimate of C$300.28 million. CanWel Building Materials Group had a return on equity of 13.51% and a net margin of 3.07%.
Shares of CanWel Building Materials Group Ltd (CWX) opened at 6.49 on Monday. The company’s 50-day moving average price is $6.26 and its 200-day moving average price is $6.25. CanWel Building Materials Group Ltd has a 12 month low of $5.23 and a 12 month high of $6.85. The firm has a market cap of $439.94 million and a P/E ratio of 13.52.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.14 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.63%.
In other CanWel Building Materials Group news, Director Amar Doman bought 5,000 shares of the stock in a transaction on Monday, July 31st. The shares were acquired at an average price of C$6.17 per share, with a total value of C$30,850.00. Insiders have acquired a total of 10,649 shares of company stock worth $64,752 in the last three months.
Separately, Canaccord Genuity boosted their target price on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company a “speculative buy” rating in a report on Wednesday, September 27th.
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CanWel Building Materials Group Company Profile
CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns.
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