Gluskin Sheff + Associates Inc Forecasted to Earn Q3 2018 Earnings of $0.22 Per Share (GS)

Gluskin Sheff + Associates Inc (TSE:GS) – Equities research analysts at Desjardins cut their Q3 2018 earnings per share (EPS) estimates for Gluskin Sheff + Associates in a research note issued on Thursday. Desjardins analyst G. Ho now expects that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.23.

Gluskin Sheff + Associates (TSE:GS) last issued its quarterly earnings results on Friday, November 10th. The company reported C$0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.03). The business had revenue of C$28.58 million for the quarter. Gluskin Sheff + Associates had a return on equity of 19.64% and a net margin of 20.30%.

A number of other research firms have also recently weighed in on GS. Royal Bank of Canada lowered their target price on shares of Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Monday, November 13th. CIBC lowered their target price on shares of Gluskin Sheff + Associates from C$18.00 to C$17.50 in a research note on Monday, November 13th. Finally, BMO Capital Markets lowered their target price on shares of Gluskin Sheff + Associates from C$17.00 to C$16.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating, Gluskin Sheff + Associates has an average rating of “Hold” and an average price target of C$17.25.

Gluskin Sheff + Associates (TSE:GS) opened at C$14.50 on Monday. Gluskin Sheff + Associates has a one year low of C$14.41 and a one year high of C$19.93. The firm has a market cap of $452.90, a price-to-earnings ratio of 10.82 and a beta of 1.09.

TRADEMARK VIOLATION NOTICE: “Gluskin Sheff + Associates Inc Forecasted to Earn Q3 2018 Earnings of $0.22 Per Share (GS)” was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/12/gluskin-sheff-associates-inc-forecasted-to-earn-q3-2018-earnings-of-0-22-per-share-gs.html.

About Gluskin Sheff + Associates

Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.

Receive News & Ratings for Gluskin Sheff + Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gluskin Sheff + Associates and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply