Echelon Wealth Partners Analysts Lift Earnings Estimates for Highwood Asset Management Ltd. (CVE:HAM)

Posted by Maddie Sorensen on Apr 20th, 2024

Highwood Asset Management Ltd. (CVE:HAM – Free Report) – Echelon Wealth Partners upped their Q2 2024 earnings per share (EPS) estimates for shares of Highwood Asset Management in a research report issued to clients and investors on Wednesday, April 17th. Echelon Wealth Partners analyst A. Gill now anticipates that the company will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for Highwood Asset Management’s current full-year earnings is $1.19 per share. Echelon Wealth Partners also issued estimates for Highwood Asset Management’s Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.52 EPS and FY2025 earnings at $1.84 EPS.

Separately, Atb Cap Markets reaffirmed an “outperform” rating on shares of Highwood Asset Management in a research report on Monday, March 18th.

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Highwood Asset Management Price Performance

Shares of CVE HAM opened at C$6.70 on Friday. Highwood Asset Management has a 12-month low of C$4.00 and a 12-month high of C$9.99. The firm has a market capitalization of C$100.57 million, a P/E ratio of -33.50 and a beta of -0.87.

Highwood Asset Management Company Profile

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Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.