Supply Chain Council of European Union |

Research Analysts Issue Forecasts for Hardwoods Distribution Inc’s FY2019 Earnings (TSE:HDI)

Hardwoods Distribution Inc (TSE:HDI) – Analysts at National Bank Financial boosted their FY2019 EPS estimates for Hardwoods Distribution in a report released on Tuesday, November 12th, according to Zacks Investment Research. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $1.42 per share for the year, up from their previous estimate of $1.31. National Bank Financial has a “Outperform” rating and a $18.00 price objective on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q4 2019 earnings at $0.29 EPS, FY2020 earnings at $1.68 EPS and FY2021 earnings at $1.82 EPS.

Several other equities research analysts have also recently weighed in on HDI. Canaccord Genuity upped their target price on Hardwoods Distribution from C$15.00 to C$18.00 in a report on Wednesday, November 13th. CIBC upped their target price on Hardwoods Distribution from C$15.00 to C$17.00 in a report on Wednesday, November 13th.

Shares of HDI stock traded down C$0.19 during mid-day trading on Friday, hitting C$15.54. The stock had a trading volume of 16,900 shares, compared to its average volume of 41,058. Hardwoods Distribution has a 12-month low of C$10.04 and a 12-month high of C$16.00. The firm has a market capitalization of $335.79 million and a P/E ratio of 11.51. The firm’s 50-day moving average is C$13.37 and its two-hundred day moving average is C$12.51. 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 also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be paid a dividend of $0.085 per share. This is a boost from Hardwoods Distribution’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, January 17th. Hardwoods Distribution’s dividend payout ratio is 23.70%.

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.

Featured Story: How dollar cost averaging works

Get a free copy of the Zacks research report on Hardwoods Distribution (HDI)

For more information about research offerings from Zacks Investment Research, visit

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

Receive News & Ratings for Hardwoods Distribution Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hardwoods Distribution and related companies with’s FREE daily email newsletter.

Related posts

Dozens of N. Koreans arrested for involvement in “impure recording” distribution ring


Local businessman finds success in trade with slave islands | The Brattleboro Reformer


A court sides with cigarette companies to further delay use of the FDA’s new graphic cigarette warnings | Business