Q2 2019 EPS Estimates for Strongco Corp Lowered by Raymond James (SQP)

Strongco Corp (TSE:SQP) – Stock analysts at Raymond James reduced their Q2 2019 EPS estimates for shares of Strongco in a research report issued on Wednesday, May 8th. Raymond James analyst B. Cherniavsky now expects that the company will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.10. Raymond James has a “Market Perform” rating and a $2.00 price objective on the stock. Raymond James also issued estimates for Strongco’s Q3 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.13 EPS.

TSE:SQP opened at C$1.67 on Monday. The company has a debt-to-equity ratio of 695.26, a quick ratio of 0.18 and a current ratio of 1.09. The stock has a market capitalization of $21.40 million and a P/E ratio of 111.33. Strongco has a 52-week low of C$1.45 and a 52-week high of C$2.78.

Strongco (TSE:SQP) last released its earnings results on Tuesday, March 19th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$102.12 million during the quarter.

About Strongco

Strongco Corporation sells, rents, and services new and used equipment to the construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management, and forestry sectors in Canada and in the United States. The company offers attachments/accessories, backhoe loaders, compactors/tampers, crawler dozers, cranes, crushing and screening equipment, excavators, forestry equipment, haulers, hydraulic hammers, lift trucks, wheel and compact loaders, material handlers, motor graders, pavers/milling/road wideners, scrapers, skid steers, tractors, and pipelayers; and rubber-tired loaders, rigid and articulated trucks, rock drilling equipment, and telehandlers.

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