Desjardins Weighs in on 5N Plus’ FY2024 Earnings (TSE:VNP)

5N Plus Inc. (TSE:VNP) – Desjardins raised their FY2024 earnings per share (EPS) estimates for 5N Plus in a research note issued on Tuesday, November 5th. Desjardins analyst F. Tremblay now expects that the company will earn $0.29 per share for the year, up from their previous estimate of $0.28. Desjardins currently has a “Buy” rating and a $8.50 target price on the stock. The consensus estimate for 5N Plus’ current full-year earnings is $0.37 per share. Desjardins also issued estimates for 5N Plus’ Q4 2024 earnings at $0.06 EPS.

5N Plus (TSE:VNP) last released its quarterly earnings results on Monday, August 5th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.02. 5N Plus had a return on equity of 8.56% and a net margin of 4.15%. The company had revenue of C$102.04 million during the quarter, compared to analysts’ expectations of C$91.45 million.

Several other analysts have also weighed in on the company. National Bankshares upped their price objective on 5N Plus from C$8.00 to C$8.50 in a report on Tuesday. Raymond James upped their price objective on 5N Plus from C$7.50 to C$8.50 in a report on Friday, September 6th.

5N Plus Trading Down 1.2 %

Shares of 5N Plus stock opened at C$6.71 on Thursday. The company has a quick ratio of 1.51, a current ratio of 3.47 and a debt-to-equity ratio of 110.23. The firm has a market cap of C$596.65 million, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.55. The business has a fifty day simple moving average of C$6.92 and a 200-day simple moving average of C$6.16. 5N Plus has a fifty-two week low of C$3.05 and a fifty-two week high of C$7.61.

Insider Activity

In related news, Senior Officer Richard Perron purchased 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of C$6.95 per share, with a total value of C$521,250.00. 4.91% of the stock is currently owned by company insiders.

5N Plus Company Profile

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.