FY2023 EPS Estimates for Stella-Jones Inc. (TSE:SJ) Cut by Desjardins

Stella-Jones Inc. (TSE:SJGet Rating) – Research analysts at Desjardins reduced their FY2023 earnings estimates for Stella-Jones in a research note issued to investors on Thursday, May 18th. Desjardins analyst B. Poirier now forecasts that the company will earn $4.72 per share for the year, down from their previous forecast of $4.73. The consensus estimate for Stella-Jones’ current full-year earnings is $4.52 per share.

Stella-Jones (TSE:SJGet Rating) last posted its quarterly earnings results on Wednesday, March 8th. The company reported C$0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.01). The business had revenue of C$665.00 million for the quarter, compared to analysts’ expectations of C$620.65 million.

Several other equities analysts also recently commented on SJ. TD Securities upped their price target on shares of Stella-Jones from C$65.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 16th. Royal Bank of Canada increased their price objective on shares of Stella-Jones from C$53.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, March 9th. CIBC increased their price objective on shares of Stella-Jones from C$57.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Friday, March 10th. Finally, Scotiabank increased their price objective on shares of Stella-Jones from C$59.00 to C$60.00 in a research note on Thursday, March 9th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$62.20.

Stella-Jones Price Performance

Shares of SJ opened at C$61.53 on Monday. The company has a debt-to-equity ratio of 71.16, a current ratio of 6.11 and a quick ratio of 1.20. The company’s 50-day moving average is C$53.52 and its 200-day moving average is C$50.01. Stella-Jones has a fifty-two week low of C$30.54 and a fifty-two week high of C$61.56. The firm has a market capitalization of C$3.61 billion, a PE ratio of 15.66, a PEG ratio of 2.40 and a beta of 0.75.

Stella-Jones Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Monday, June 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 1.50%. Stella-Jones’s dividend payout ratio (DPR) is presently 23.41%.

Stella-Jones Company Profile

(Get Rating)

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.

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Earnings History and Estimates for Stella-Jones (TSE:SJ)

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