Equities Analysts Offer Predictions for Hammond Power Solutions Inc.’s FY2024 Earnings (TSE:HPS)

Hammond Power Solutions Inc. (TSE:HPS) – National Bank Financial decreased their FY2024 earnings estimates for shares of Hammond Power Solutions in a research report issued to clients and investors on Monday, October 14th. National Bank Financial analyst R. Merer now expects that the company will earn $5.10 per share for the year, down from their prior forecast of $5.42. National Bank Financial also issued estimates for Hammond Power Solutions’ FY2025 earnings at $6.39 EPS and FY2026 earnings at $6.86 EPS.

Hammond Power Solutions (TSE:HPS) last issued its earnings results on Thursday, July 25th. The company reported C$1.98 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.30 by C($0.32). The business had revenue of C$197.21 million for the quarter, compared to the consensus estimate of C$191.40 million.

Separately, Acumen Capital raised shares of Hammond Power Solutions to a “strong-buy” rating in a report on Tuesday, September 24th.

Hammond Power Solutions Stock Performance

Hammond Power Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 20th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.10 dividend on an annualized basis and a dividend yield of ∞.

Hammond Power Solutions Company Profile

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.