Analysts Set Expectations for TSE:HPS Q3 Earnings

Hammond Power Solutions Inc. (TSE:HPS) – Equities research analysts at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for Hammond Power Solutions in a note issued to investors on Monday, October 14th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $1.24 for the quarter, down from their previous forecast of $1.59. National Bank Financial also issued estimates for Hammond Power Solutions’ Q4 2024 earnings at $1.22 EPS.

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

Separately, Acumen Capital upgraded Hammond Power Solutions to a “strong-buy” rating in a research note on Tuesday, September 24th.

Hammond Power Solutions Price Performance

Hammond Power Solutions Announces Dividend

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

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.