FY2024 EPS Estimates for Stella-Jones Decreased by Analyst

Stella-Jones Inc. (TSE:SJ) – National Bank Financial reduced their FY2024 EPS estimates for shares of Stella-Jones in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now expects that the company will earn $5.75 per share for the year, down from their prior estimate of $6.03. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. National Bank Financial also issued estimates for Stella-Jones’ FY2025 earnings at $6.02 EPS.

SJ has been the topic of a number of other research reports. TD Securities decreased their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday. National Bankshares boosted their price target on Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. CIBC dropped their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday. Scotiabank reduced their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday. Finally, Royal Bank of Canada decreased their price objective on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Stock Performance

Shares of TSE SJ opened at C$72.37 on Friday. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The stock’s fifty day moving average price is C$89.18 and its two-hundred day moving average price is C$87.61. Stella-Jones has a one year low of C$71.41 and a one year high of C$98.00. The firm has a market cap of C$4.08 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.96 by C($0.02). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion.

Insider Activity

In other news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total value of C$464,583.48. 0.14% of the stock is owned by company insiders.

Stella-Jones Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.55%. Stella-Jones’s payout ratio is currently 18.09%.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.