Hardwoods Distribution Inc to Post Q2 2020 Earnings of $0.19 Per Share, Cormark Forecasts (TSE:HDI)

Hardwoods Distribution Inc (TSE:HDI) – Research analysts at Cormark issued their Q2 2020 earnings per share estimates for shares of Hardwoods Distribution in a research report issued on Monday, March 23rd. Cormark analyst J. Fenwick expects that the company will earn $0.19 per share for the quarter. Cormark also issued estimates for Hardwoods Distribution’s Q4 2020 earnings at $0.29 EPS and FY2021 earnings at $1.25 EPS.

A number of other research analysts have also issued reports on the company. Canaccord Genuity increased their target price on Hardwoods Distribution from C$18.00 to C$19.00 in a research report on Monday, January 13th. National Bank Financial decreased their target price on Hardwoods Distribution from C$22.50 to C$18.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, CIBC increased their target price on Hardwoods Distribution from C$17.00 to C$19.00 in a research report on Monday, January 13th.

Shares of TSE:HDI opened at C$9.44 on Wednesday. Hardwoods Distribution has a 1 year low of C$7.40 and a 1 year high of C$17.23. The firm has a market capitalization of $205.71 million and a price-to-earnings ratio of 6.84. The company has a debt-to-equity ratio of 66.78, a current ratio of 2.09 and a quick ratio of 0.79. The business’s 50 day moving average price is C$14.29 and its 200-day moving average price is C$14.34.

Hardwoods Distribution Company Profile

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.

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Earnings History and Estimates for Hardwoods Distribution (TSE:HDI)

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