Desjardins Comments on TSE:FAR FY2024 Earnings

Foraco International SA (TSE:FAR) – Desjardins issued their FY2024 earnings per share estimates for shares of Foraco International in a research note issued to investors on Monday, December 2nd. Desjardins analyst F. Tremblay expects that the company will post earnings of $0.38 per share for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Desjardins also issued estimates for Foraco International’s Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.50 EPS.

Foraco International (TSE:FAR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.08 by C$0.03. The firm had revenue of C$105.94 million for the quarter. Foraco International had a return on equity of 33.87% and a net margin of 8.87%.

Foraco International Stock Down 2.5 %

TSE:FAR opened at C$2.34 on Thursday. The firm has a market capitalization of C$230.70 million, a price-to-earnings ratio of 5.71 and a beta of 1.25. Foraco International has a twelve month low of C$1.77 and a twelve month high of C$3.27. The stock’s 50 day moving average price is C$2.25 and its two-hundred day moving average price is C$2.37. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 111.75.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.