Q3 EPS Forecast for Sherritt International Cut by Analyst

Sherritt International Co. (TSE:S - Free Report) - Equities researchers at National Bank Financial decreased their Q3 2024 earnings estimates for Sherritt International in a report released on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of $0.02. The consensus estimate for Sherritt International's current full-year earnings is $0.06 per share. National Bank Financial also issued estimates for Sherritt International's FY2024 earnings at ($0.13) EPS and FY2025 earnings at ($0.01) EPS.

Sherritt International (TSE:S - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported C($0.03) earnings per share for the quarter, beating the consensus estimate of C($0.07) by C$0.04. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The firm had revenue of C$51.40 million for the quarter.

Separately, National Bankshares reduced their price objective on shares of Sherritt International from C$0.50 to C$0.35 and set a "sector perform" rating for the company in a research report on Tuesday.

Sherritt International Price Performance

TSE:S remained flat at C$0.19 during trading hours on Thursday. The company's stock had a trading volume of 13,080 shares, compared to its average volume of 163,947. The company's fifty day moving average is C$0.20 and its 200 day moving average is C$0.26. Sherritt International has a 12-month low of C$0.19 and a 12-month high of C$0.44. The firm has a market capitalization of C$75.49 million, a P/E ratio of -0.59, a P/E/G ratio of 0.02 and a beta of 1.53. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

About Sherritt International

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.