Raymond James Brokers Decrease Earnings Estimates for CVE:DE

Decisive Dividend Co. (CVE:DE) – Research analysts at Raymond James cut their FY2024 earnings per share estimates for Decisive Dividend in a research report issued to clients and investors on Friday, November 15th. Raymond James analyst S. Hansen now expects that the company will earn $0.10 per share for the year, down from their prior forecast of $0.11. The consensus estimate for Decisive Dividend’s current full-year earnings is $0.32 per share. Raymond James also issued estimates for Decisive Dividend’s FY2025 earnings at $0.26 EPS.

Separately, Cormark cut Decisive Dividend from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Decisive Dividend Stock Up 0.3 %

Decisive Dividend stock opened at C$6.07 on Monday. Decisive Dividend has a fifty-two week low of C$5.51 and a fifty-two week high of C$11.50. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95. The firm’s 50-day simple moving average is C$6.37 and its 200 day simple moving average is C$6.88. The stock has a market cap of C$117.82 million, a PE ratio of 27.59 and a beta of 1.18.

Decisive Dividend (CVE:DE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. The company had revenue of C$32.24 million for the quarter, compared to the consensus estimate of C$36.70 million.

Insider Activity

In other news, Senior Officer Jeffrey David Schellenberg bought 8,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of C$6.30 per share, for a total transaction of C$50,408.00. Insiders purchased 12,750 shares of company stock valued at $79,841 in the last three months. Company insiders own 10.13% of the company’s stock.

Decisive Dividend Company Profile

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.