CanWel Building Materials Group (CWX) Set to Announce Earnings on Thursday

CanWel Building Materials Group (TSE:CWX) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect CanWel Building Materials Group to post earnings of C$0.13 per share for the quarter.

CanWel Building Materials Group (TSE:CWX) last issued its quarterly earnings results on Wednesday, August 1st. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). CanWel Building Materials Group had a return on equity of 15.13% and a net margin of 3.65%. The business had revenue of C$382.10 million for the quarter, compared to analyst estimates of C$415.20 million.

Shares of TSE:CWX opened at C$4.84 on Thursday. CanWel Building Materials Group has a one year low of C$4.60 and a one year high of C$7.50.

In other news, Director Amar Doman acquired 10,000 shares of CanWel Building Materials Group stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average price of C$6.27 per share, with a total value of C$62,700.00. Also, insider James Salter Code acquired 6,000 shares of CanWel Building Materials Group stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average cost of C$6.37 per share, for a total transaction of C$38,220.00. In the last quarter, insiders have bought 104,075 shares of company stock valued at $608,225.

Several equities research analysts have recently commented on the stock. CIBC lowered their price target on shares of CanWel Building Materials Group from C$6.50 to C$6.00 in a research report on Monday, October 15th. National Bank Financial lowered their price target on shares of CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Friday, September 14th. Canaccord Genuity lowered their price target on shares of CanWel Building Materials Group from C$7.50 to C$6.50 and set a “buy” rating for the company in a research report on Monday, October 1st. Finally, Raymond James lowered their price target on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Wednesday, September 12th.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and d├ęcor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.

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Earnings History for CanWel Building Materials Group (TSE:CWX)

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