Foraco International’s (FAR) “Buy” Rating Reaffirmed at Clarus Securities

Clarus Securities reissued their buy rating on shares of Foraco International (TSE:FARFree Report) in a research report report published on Monday morning, reports. Clarus Securities also issued estimates for Foraco International’s Q1 2024 earnings at $0.05 EPS, Q2 2024 earnings at $0.18 EPS, Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.62 EPS.

Foraco International Stock Up 1.7 %

FAR opened at C$2.92 on Monday. The business has a 50 day moving average price of C$2.70 and a two-hundred day moving average price of C$2.17. Foraco International has a 52 week low of C$1.59 and a 52 week high of C$3.04. The company has a quick ratio of 0.88, a current ratio of 1.49 and a debt-to-equity ratio of 101.46. The company has a market cap of C$288.00 million, a PE ratio of 7.49 and a beta of 1.31.

Foraco International (TSE:FARGet Free Report) last issued its quarterly earnings results on Friday, February 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. Foraco International had a net margin of 7.76% and a return on equity of 39.08%. The business had revenue of C$117.89 million for the quarter. As a group, research analysts anticipate that Foraco International will post 0.7277487 EPS for the current year.

Foraco International Company Profile

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Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related drilling services. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells.

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