Analysts Set Expectations for Sherritt International’s Q1 2018 Earnings (S)

Sherritt International (TSE:S) – National Bank Financial issued their Q1 2018 EPS estimates for Sherritt International in a research report issued on Monday, April 9th. National Bank Financial analyst D. Demarco anticipates that the company will earn ($0.05) per share for the quarter. National Bank Financial has a “Outperform” rating and a $2.00 price target on the stock. National Bank Financial also issued estimates for Sherritt International’s FY2018 earnings at ($0.03) EPS and FY2019 earnings at $0.13 EPS.

Sherritt International (TSE:S) last issued its earnings results on Monday, February 12th. The company reported C($0.17) earnings per share for the quarter, missing the consensus estimate of C($0.07) by C($0.10). The firm had revenue of C$54.80 million during the quarter. Sherritt International had a return on equity of 243.42% and a net margin of 1,008.94%.

Several other brokerages have also weighed in on S. Scotiabank cut their target price on Sherritt International from C$2.25 to C$1.75 and set a “sector perform” rating on the stock in a research report on Monday, January 15th. TD Securities cut their target price on Sherritt International from C$2.75 to C$2.50 and set a “speculative buy” rating on the stock in a research report on Monday, January 15th. Finally, Eight Capital reissued a “buy” rating and issued a C$2.20 price objective on shares of Sherritt International in a research report on Wednesday, February 21st.

Shares of S opened at C$1.17 on Thursday. Sherritt International has a twelve month low of C$0.74 and a twelve month high of C$1.87.

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Sherritt International Company Profile

Sherritt International Corporation engages in mining and refining nickel from lateritic ores in Canada, Cuba, and Madagascar. The company operates through Moa JV and Fort Site, Ambatovy JV, Metals Other, Oil and Gas, Power, and Corporate and Other segments. The Moa JV and Fort Site segment is involved in mining, processing, and refining of nickel and cobalt; and the production and sale of agricultural fertilizers.

Earnings History and Estimates for Sherritt International (TSE:S)

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