Equities Analysts Issue Forecasts for Horizon North Logistics Inc.’s Q4 2017 Earnings (HNL)

Horizon North Logistics Inc. (TSE:HNL) – Analysts at Cormark issued their Q4 2017 earnings per share (EPS) estimates for Horizon North Logistics in a research report issued on Wednesday. Cormark analyst J. Zhang anticipates that the company will post earnings per share of ($0.02) for the quarter. Cormark also issued estimates for Horizon North Logistics’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.02 EPS and Q4 2018 earnings at $0.02 EPS.

Several other equities analysts also recently issued reports on the stock. Raymond James Financial downgraded shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$2.15 to C$1.60 in a report on Tuesday. Scotiabank set a C$1.50 price objective on shares of Horizon North Logistics and gave the company an “underperform” rating in a report on Tuesday. Finally, National Bank Financial decreased their price objective on shares of Horizon North Logistics from C$2.40 to C$1.90 and set an “outperform” rating on the stock in a report on Monday, December 11th.

Horizon North Logistics (TSE:HNL) opened at C$1.57 on Friday. The stock has a market cap of $224.25, a price-to-earnings ratio of -19.63 and a beta of 1.34. Horizon North Logistics has a twelve month low of C$1.16 and a twelve month high of C$2.35.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Thursday, December 28th. Horizon North Logistics’s dividend payout ratio (DPR) is -100.00%.

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About Horizon North Logistics

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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