What is Raymond James’ Estimate for TSE:SES FY2024 Earnings?

Secure Energy Services Inc. (TSE:SES) – Equities researchers at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Secure Energy Services in a research note issued to investors on Tuesday, October 15th. Raymond James analyst M. Barth now forecasts that the company will earn $0.64 per share for the year, down from their previous forecast of $0.65. Raymond James has a “Outperform” rating and a $14.25 price target on the stock. The consensus estimate for Secure Energy Services’ current full-year earnings is $0.78 per share. Raymond James also issued estimates for Secure Energy Services’ FY2025 earnings at $0.80 EPS and FY2026 earnings at $0.96 EPS.

Other equities analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on Secure Energy Services from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. National Bankshares raised their price target on Secure Energy Services from C$13.00 to C$14.00 in a research note on Wednesday, July 31st. Eight Capital set a C$20.00 price objective on Secure Energy Services and gave the company a “buy” rating in a report on Wednesday, October 9th. Scotiabank set a C$16.00 target price on shares of Secure Energy Services and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, CIBC upped their price target on shares of Secure Energy Services from C$12.00 to C$13.00 in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Secure Energy Services currently has a consensus rating of “Moderate Buy” and an average target price of C$14.78.

Secure Energy Services Trading Down 1.5 %

Shares of Secure Energy Services stock opened at C$13.55 on Friday. The company has a fifty day simple moving average of C$12.31 and a 200-day simple moving average of C$11.83. Secure Energy Services has a 12-month low of C$7.11 and a 12-month high of C$14.21. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 52.03. The stock has a market cap of C$3.26 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services (TSE:SES) last posted its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The business had revenue of C$337.00 million for the quarter. Secure Energy Services had a return on equity of 50.56% and a net margin of 5.62%.

Insider Buying and Selling at Secure Energy Services

In other Secure Energy Services news, Senior Officer Allen Peter Gransch sold 4,011 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. In other news, Senior Officer Corey Ray Higham acquired 17,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of C$11.80 per share, with a total value of C$200,560.90. Also, Senior Officer Allen Peter Gransch sold 4,011 shares of Secure Energy Services stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$12.20, for a total value of C$48,934.20. In the last 90 days, insiders have sold 73,016 shares of company stock valued at $877,203. 0.95% of the stock is owned by corporate insiders.

Secure Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.95%. Secure Energy Services’s payout ratio is currently 20.00%.

Secure Energy Services Company Profile

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.