FY2024 EPS Estimates for Stella-Jones Lowered by Scotiabank

Stella-Jones Inc. (TSE:SJ - Free Report) - Scotiabank dropped their FY2024 EPS estimates for shares of Stella-Jones in a report released on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will earn $5.51 per share for the year, down from their previous forecast of $5.94. The consensus estimate for Stella-Jones' current full-year earnings is $6.45 per share. Scotiabank also issued estimates for Stella-Jones' FY2025 earnings at $6.11 EPS.

A number of other research analysts also recently commented on the stock. TD Securities lowered their price target on shares of Stella-Jones from C$103.00 to C$88.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Royal Bank of Canada dropped their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. Finally, CIBC reduced their target price on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Stella-Jones has an average rating of "Moderate Buy" and an average price target of C$88.00.

Stella-Jones Price Performance

Stella-Jones stock opened at C$67.32 on Monday. The firm's fifty day moving average is C$72.31 and its 200 day moving average is C$84.18. Stella-Jones has a 52-week low of C$66.71 and a 52-week high of C$98.00. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The company has a market cap of C$3.79 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.40 and a beta of 0.64.

Insider Transactions at Stella-Jones

In other news, Senior Officer Richard Cuddihy acquired 500 shares of Stella-Jones stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Patrick Kirkham bought 2,035 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of C$70.36 per share, with a total value of C$143,179.34. Over the last ninety days, insiders acquired 12,785 shares of company stock worth $896,221. 0.14% of the stock is currently owned by insiders.

Stella-Jones Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.66%. Stella-Jones's payout ratio is 18.09%.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.