Horizon North Logistics Inc. (TSE:HNL) – Equities research analysts at Cormark cut their Q1 2018 EPS estimates for shares of Horizon North Logistics in a report released on Tuesday, April 10th. Cormark analyst J. Zhang now forecasts that the company will post earnings of ($0.03) per share for the quarter, down from their previous estimate of ($0.01). Cormark also issued estimates for Horizon North Logistics’ Q4 2018 earnings at $0.02 EPS.
A number of other analysts also recently commented on HNL. Scotiabank set a C$1.50 price target on shares of Horizon North Logistics and gave the stock an “underperform” rating in a research report on Tuesday, January 9th. Raymond James Financial downgraded shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$2.15 to C$1.60 in a research report on Tuesday, January 9th. National Bank Financial boosted their price target on shares of Horizon North Logistics from C$1.90 to C$2.40 and gave the stock an “outperform” rating in a research report on Wednesday, March 14th. Clarus Securities restated a “buy” rating on shares of Horizon North Logistics in a research report on Thursday, March 15th. Finally, TD Securities lifted their price objective on shares of Horizon North Logistics from C$3.00 to C$3.25 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$2.49.
Horizon North Logistics (TSE:HNL) last released its quarterly earnings results on Tuesday, March 13th. The company reported C($0.03) EPS for the quarter, hitting analysts’ consensus estimates of C($0.03). Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%. The company had revenue of C$82.66 million for the quarter, compared to the consensus estimate of C$80.45 million.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Saturday, March 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.08 annualized dividend and a dividend yield of 3.35%.
ILLEGAL ACTIVITY WARNING: “Cormark Weighs in on Horizon North Logistics Inc.’s Q1 2018 Earnings (HNL)” was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://dakotafinancialnews.com/2018/04/13/cormark-weighs-in-on-horizon-north-logistics-inc-s-q1-2018-earnings-hnl.html.
Horizon North Logistics Company Profile
Horizon North Logistics Inc, a remote resource development service company, provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. It operates through two segments, Camps & Catering, and Rentals & Logistics. The Camps & Catering segment offers workforce accommodation, camp rental, and catering services; and manufactures and sells camps, as well as provides related transportation and installation services.
Receive News & Ratings for Horizon North Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon North Logistics and related companies with MarketBeat.com's FREE daily email newsletter.