National Bank Financial Analysts Reduce Earnings Estimates for 5N Plus Inc. (TSE:VNP)

5N Plus Inc. (TSE:VNP) – Equities researchers at National Bank Financial reduced their FY2024 earnings per share estimates for 5N Plus in a note issued to investors on Monday, May 6th. National Bank Financial analyst R. Merer now expects that the company will earn $0.23 per share for the year, down from their previous forecast of $0.27. The consensus estimate for 5N Plus’ current full-year earnings is $0.28 per share. National Bank Financial also issued estimates for 5N Plus’ Q4 2024 earnings at $0.07 EPS.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Tuesday, February 27th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.02). 5N Plus had a net margin of 6.35% and a return on equity of 12.76%. The business had revenue of C$88.59 million for the quarter, compared to analyst estimates of C$84.15 million.

Several other equities research analysts also recently issued reports on the stock. Raymond James raised their price objective on shares of 5N Plus from C$6.00 to C$7.00 in a research report on Wednesday. National Bankshares lifted their price target on 5N Plus from C$0.60 to C$0.65 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Cormark upped their price objective on 5N Plus from C$5.75 to C$6.50 in a report on Wednesday.

5N Plus Stock Performance

TSE VNP opened at C$5.08 on Wednesday. The stock has a market cap of C$451.05 million, a PE ratio of 22.09, a P/E/G ratio of 6,283.33 and a beta of 1.64. The company has a debt-to-equity ratio of 107.81, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a 50-day moving average of C$4.73 and a 200-day moving average of C$4.02. 5N Plus has a 52-week low of C$2.86 and a 52-week high of C$5.25.

Insiders Place Their Bets

In other 5N Plus news, Director Jean-Marie Bourassa purchased 60,100 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of C$4.52 per share, for a total transaction of C$271,561.85. Insiders have acquired a total of 69,100 shares of company stock worth $312,032 in the last quarter. Corporate insiders own 4.79% of the company’s stock.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.