FY2018 Earnings Estimate for CanWel Building Materials Group Ltd (CWX) Issued By Cormark

CanWel Building Materials Group Ltd (TSE:CWX) – Cormark lifted their FY2018 EPS estimates for CanWel Building Materials Group in a note issued to investors on Friday. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of $0.54 for the year, up from their prior forecast of $0.50.

Other research analysts also recently issued reports about the company. National Bank Financial reaffirmed an “outperform” rating and set a C$7.00 price target on shares of CanWel Building Materials Group in a research note on Tuesday, April 18th. Raymond James Financial, Inc. raised CanWel Building Materials Group from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from C$7.25 to C$7.50 in a research note on Thursday, May 25th.

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Shares of CanWel Building Materials Group (TSE:CWX) opened at 6.19 on Monday. The firm has a market cap of $419.57 million and a price-to-earnings ratio of 6.85. CanWel Building Materials Group has a 12 month low of $5.23 and a 12 month high of $7.09. The company has a 50-day moving average price of $6.46 and a 200-day moving average price of $6.16.

CanWel Building Materials Group (TSE:CWX) last announced its earnings results on Thursday, July 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. CanWel Building Materials Group had a return on equity of 2.38% and a net margin of 0.75%. The business had revenue of $320.04 million for the quarter, compared to analyst estimates of $300.28 million.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.05%. This is an increase from CanWel Building Materials Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, June 28th.

CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns.

Earnings History and Estimates for CanWel Building Materials Group (TSE:CWX)

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