Hardwoods Distribution Inc. (TSE:HDI – Get Rating) declared a quarterly dividend on Monday, April 18th, TickerTech reports. Shareholders of record on Friday, April 29th will be paid a dividend of 0.12 per share on Friday, April 29th. This represents a $0.48 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, April 18th.
Shares of Hardwoods Distribution stock opened at C$34.41 on Friday. Hardwoods Distribution has a 1 year low of C$28.18 and a 1 year high of C$49.58. The company has a debt-to-equity ratio of 135.96, a quick ratio of 0.59 and a current ratio of 2.29. The company has a market capitalization of C$815.48 million and a P/E ratio of 5.71. The company’s fifty day moving average is C$39.80 and its two-hundred day moving average is C$41.25.
Hardwoods Distribution (TSE:HDI – Get Rating) last issued its earnings results on Monday, March 14th. The company reported C$1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.71 by C$0.26. The firm had revenue of C$649.73 million during the quarter, compared to analysts’ expectations of C$604.14 million. As a group, equities analysts expect that Hardwoods Distribution will post 6.0541283 earnings per share for the current year.
Several brokerages recently commented on HDI. National Bankshares raised their price objective on shares of Hardwoods Distribution from C$79.00 to C$79.50 and gave the company an “outperform” rating in a research note on Tuesday, March 15th. CIBC lifted their target price on shares of Hardwoods Distribution from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 1st. Finally, Canaccord Genuity Group lifted their target price on shares of Hardwoods Distribution from C$74.00 to C$76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hardwoods Distribution presently has a consensus rating of “Buy” and a consensus target price of C$64.14.
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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