Cormark Weighs in on Horizon North Logistics Inc.’s Q1 2018 Earnings (HNL)

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.



HNL stock opened at C$2.39 on Thursday. Horizon North Logistics has a 52 week low of C$1.16 and a 52 week high of C$2.42.

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%.

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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.

Earnings History and Estimates for Horizon North Logistics (TSE:HNL)

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