Desjardins Weighs in on GDI Integrated Facility Services Inc.’s Q2 2024 Earnings (TSE:GDI)

GDI Integrated Facility Services Inc. (TSE:GDIFree Report) – Investment analysts at Desjardins increased their Q2 2024 earnings estimates for shares of GDI Integrated Facility Services in a note issued to investors on Sunday, May 12th. Desjardins analyst F. Tremblay now expects that the company will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.24. Desjardins currently has a “Buy” rating and a $53.00 target price on the stock. The consensus estimate for GDI Integrated Facility Services’ current full-year earnings is $1.16 per share. Desjardins also issued estimates for GDI Integrated Facility Services’ Q4 2024 earnings at $0.38 EPS, FY2024 earnings at $1.08 EPS and FY2025 earnings at $1.49 EPS.

GDI Integrated Facility Services (TSE:GDIGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.37 by C($0.12). The business had revenue of C$622.00 million during the quarter, compared to the consensus estimate of C$642.90 million. GDI Integrated Facility Services had a return on equity of 4.25% and a net margin of 0.78%.

Several other brokerages have also recently commented on GDI. CIBC dropped their price objective on shares of GDI Integrated Facility Services from C$39.00 to C$38.00 and set a “neutral” rating for the company in a report on Monday. National Bank Financial cut shares of GDI Integrated Facility Services from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Thursday, February 29th. Scotiabank dropped their price objective on shares of GDI Integrated Facility Services from C$45.50 to C$44.00 and set a “sector perform” rating for the company in a research note on Monday. National Bankshares increased their target price on shares of GDI Integrated Facility Services from C$40.50 to C$41.50 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, TD Securities dropped their price target on shares of GDI Integrated Facility Services from C$45.00 to C$41.00 and set a “hold” rating for the company in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, GDI Integrated Facility Services currently has a consensus rating of “Hold” and a consensus price target of C$42.92.

Check Out Our Latest Stock Report on GDI

GDI Integrated Facility Services Trading Down 3.1 %

GDI stock opened at C$35.45 on Wednesday. The company has a market capitalization of C$520.76 million, a price-to-earnings ratio of 44.87 and a beta of 0.99. The company has a debt-to-equity ratio of 95.39, a current ratio of 1.60 and a quick ratio of 1.44. GDI Integrated Facility Services has a 1-year low of C$35.01 and a 1-year high of C$49.00. The business has a 50 day simple moving average of C$38.15 and a two-hundred day simple moving average of C$37.57.

GDI Integrated Facility Services Company Profile

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GDI Integrated Facility Services Inc, together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. The company operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments. It offers cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, vacuuming, carpet cleaning, washing walls and glass, shampooing rugs, removing trash and debris, and dusting, as well as other building services, including lawn maintenance, snow removal, and others.

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Earnings History and Estimates for GDI Integrated Facility Services (TSE:GDI)

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