Hardwoods Distribution Inc. (TSE:HDI – Get Rating) – Research analysts at Cormark issued their Q1 2022 earnings estimates for shares of Hardwoods Distribution in a research note issued to investors on Tuesday, March 22nd. Cormark analyst J. Fenwick forecasts that the company will earn $1.54 per share for the quarter. Cormark also issued estimates for Hardwoods Distribution’s Q2 2022 earnings at $1.86 EPS, Q3 2022 earnings at $1.61 EPS, Q4 2022 earnings at $1.30 EPS and FY2022 earnings at $6.31 EPS.
A number of other research analysts also recently weighed in on the company. CIBC raised their price target on Hardwoods Distribution from C$60.00 to C$61.00 and gave the company an “outperform” rating in a research note on Tuesday, February 1st. National Bankshares increased their price target on shares of Hardwoods Distribution from C$79.00 to C$79.50 and gave the company an “outperform” rating in a report on Tuesday, March 15th. Finally, Canaccord Genuity Group lifted their price target on Hardwoods Distribution from C$74.00 to C$76.00 and gave the stock a “buy” rating in a report on Wednesday, February 2nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$64.14.
Shares of Hardwoods Distribution stock opened at C$41.39 on Wednesday. The firm has a market cap of C$980.90 million and a price-to-earnings ratio of 6.81. The stock’s 50-day moving average is C$42.57 and its 200-day moving average is C$41.46. The company has a debt-to-equity ratio of 135.96, a current ratio of 2.29 and a quick ratio of 0.59. Hardwoods Distribution has a one year low of C$28.18 and a one year high of C$49.58.
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The firm also recently announced a quarterly dividend, which was paid on Friday, January 28th. Shareholders of record on Friday, January 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, January 14th. This is a boost from Hardwoods Distribution’s previous quarterly dividend of $0.10. Hardwoods Distribution’s payout ratio is currently 5.28%.
Hardwoods Distribution Company Profile (Get Rating)
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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