Scotiabank Predicts Stella-Jones’ FY2024 Earnings (TSE:SJ)

Stella-Jones Inc. (TSE:SJ) – Research analysts at Scotiabank reduced their FY2024 EPS estimates for shares of Stella-Jones in a report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $5.51 per share for the year, down from their previous estimate of $5.94. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. Scotiabank also issued estimates for Stella-Jones’ FY2025 earnings at $6.11 EPS.

Several other analysts have also recently issued reports on SJ. TD Securities dropped their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. CIBC dropped their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Trading Down 2.3 %

Shares of SJ stock opened at C$67.32 on Monday. Stella-Jones has a fifty-two week low of C$66.71 and a fifty-two week high of C$98.00. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The stock’s fifty day moving average is C$72.31 and its two-hundred day moving average is C$84.18. The firm has a market capitalization of C$3.79 billion, a P/E ratio of 10.88, a PEG ratio of 2.40 and a beta of 0.64.

Stella-Jones Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.66%. Stella-Jones’s payout ratio is currently 18.09%.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director Rhodri Harries purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$69.50 per share, for a total transaction of C$347,500.00. Also, Senior Officer Richard Cuddihy acquired 500 shares of the stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Insiders have acquired a total of 12,785 shares of company stock worth $896,221 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.