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Hardwoods Distribution Inc. (TSE:HDI – Get Rating) – National Bank Financial issued their Q3 2022 earnings per share estimates for shares of Hardwoods Distribution in a report released on Sunday, August 14th. National Bank Financial analyst Z. Evershed expects that the company will post earnings per share of $1.55 for the quarter. The consensus estimate for Hardwoods Distribution’s current full-year earnings is $6.01 per share. National Bank Financial also issued estimates for Hardwoods Distribution’s Q4 2022 earnings at $1.20 EPS.
Other equities research analysts also recently issued reports about the company. Cormark reduced their price objective on Hardwoods Distribution from C$70.00 to C$55.00 in a report on Monday, May 16th. Canaccord Genuity Group boosted their price target on Hardwoods Distribution from C$60.00 to C$63.00 in a research note on Monday, May 16th. TD Securities cut their price target on Hardwoods Distribution from C$73.00 to C$64.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, CIBC boosted their price target on Hardwoods Distribution from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research note on Monday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$62.25.
Hardwoods Distribution Price Performance
TSE HDI opened at C$33.64 on Wednesday. Hardwoods Distribution has a one year low of C$26.92 and a one year high of C$49.58. The stock has a 50-day moving average of C$30.34 and a 200 day moving average of C$34.95. The company has a market capitalization of C$785.70 million and a price-to-earnings ratio of 4.42. The company has a debt-to-equity ratio of 182.44, a quick ratio of 0.46 and a current ratio of 1.58.
Hardwoods Distribution Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 29th were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. Hardwoods Distribution’s payout ratio is currently 4.55%.
About Hardwoods Distribution
(Get Rating)
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.
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