FY2018 EPS Estimates for Morneau Shepell Inc Reduced by Analyst (MSI)

Morneau Shepell Inc (TSE:MSI) – Equities research analysts at National Bank Financial reduced their FY2018 EPS estimates for Morneau Shepell in a research note issued to investors on Thursday, February 7th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $0.40 per share for the year, down from their prior estimate of $0.41. National Bank Financial also issued estimates for Morneau Shepell’s Q4 2018 earnings at $0.06 EPS, FY2019 earnings at $0.72 EPS and FY2020 earnings at $1.10 EPS.

A number of other equities research analysts have also recently weighed in on MSI. TD Securities lifted their price objective on shares of Morneau Shepell from C$29.00 to C$30.00 in a research note on Thursday, November 8th. CIBC lifted their price objective on shares of Morneau Shepell from C$29.00 to C$32.00 in a research note on Thursday, November 8th. Finally, Laurentian reiterated a “hold” rating and issued a C$28.50 price target on shares of Morneau Shepell in a research report on Monday, November 26th.

Shares of TSE MSI opened at C$26.95 on Monday. Morneau Shepell has a fifty-two week low of C$22.76 and a fifty-two week high of C$29.17. The company has a current ratio of 1.71, a quick ratio of 1.40 and a debt-to-equity ratio of 79.40. The stock has a market cap of $1.74 billion and a P/E ratio of 67.21.

In other Morneau Shepell news, Director Luc Bachand purchased 3,000 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average cost of C$26.09 per share, for a total transaction of C$78,270.00.

The firm also recently declared a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 30th. Morneau Shepell’s dividend payout ratio (DPR) is presently 194.51%.

About Morneau Shepell

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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