Hardwoods Distribution (TSE:HDI – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Hardwoods Distribution to post earnings of C$2.54 per share for the quarter.
Hardwoods Distribution (TSE:HDI – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C$2.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.54 by C$0.83. The firm had revenue of C$816.89 million for the quarter, compared to analysts’ expectations of C$712.03 million.
Hardwoods Distribution Stock Performance
Shares of TSE HDI opened at C$33.41 on Thursday. The stock has a market cap of C$795.76 million and a price-to-earnings ratio of 4.32. The company has a current ratio of 1.49, a quick ratio of 0.46 and a debt-to-equity ratio of 196.76. Hardwoods Distribution has a 1-year low of C$26.92 and a 1-year high of C$49.58. The stock’s 50-day moving average is C$30.21 and its 200 day moving average is C$35.54.
Hardwoods Distribution Dividend Announcement
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The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 29th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, July 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. Hardwoods Distribution’s dividend payout ratio is 4.35%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on HDI shares. Canaccord Genuity Group raised their price objective on Hardwoods Distribution from C$60.00 to C$63.00 in a report on Monday, May 16th. TD Securities raised their price target on Hardwoods Distribution from C$65.00 to C$73.00 and gave the stock a “buy” rating in a research report on Monday, May 16th. CIBC reduced their price target on Hardwoods Distribution from C$50.00 to C$41.00 in a research report on Friday, July 8th. Finally, Cormark reduced their price target on Hardwoods Distribution from C$70.00 to C$55.00 in a research report on Monday, May 16th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$62.57.
Hardwoods Distribution Company Profile
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It 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, solid surface products, and decorative laminates.
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