Snc-Lavalin Group Inc (TSE:SNC) – Equities researchers at National Bank Financial lowered their Q4 2019 EPS estimates for Snc-Lavalin Group in a report issued on Thursday, October 31st. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.30 per share for the quarter, down from their prior estimate of $0.41. National Bank Financial has a “Outperform” rating and a $37.50 price objective on the stock. National Bank Financial also issued estimates for Snc-Lavalin Group’s FY2020 earnings at $1.86 EPS.
Several other brokerages also recently issued reports on SNC. Canaccord Genuity reduced their price target on shares of Snc-Lavalin Group from C$43.00 to C$34.00 in a report on Friday, August 2nd. Raymond James reaffirmed a “market perform” rating and issued a C$26.00 price target on shares of Snc-Lavalin Group in a report on Friday. CIBC upped their price target on shares of Snc-Lavalin Group from C$25.00 to C$29.00 in a report on Friday. Desjardins raised shares of Snc-Lavalin Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, TD Securities raised shares of Snc-Lavalin Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$25.00 to C$31.00 in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$31.19.
Shares of TSE SNC opened at C$24.91 on Monday. Snc-Lavalin Group has a 12-month low of C$15.47 and a 12-month high of C$50.50. The company has a market capitalization of $3.45 billion and a PE ratio of -1.21. The company has a debt-to-equity ratio of 455.13, a current ratio of 0.79 and a quick ratio of 0.69. The firm’s 50-day moving average is C$19.04 and its two-hundred day moving average is C$22.80.
Snc-Lavalin Group (TSE:SNC) last announced its quarterly earnings results on Thursday, August 1st. The company reported C($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.33) by C($0.01). The business had revenue of C$2.28 billion for the quarter, compared to the consensus estimate of C$2.65 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, November 14th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, November 13th. Snc-Lavalin Group’s dividend payout ratio is presently -3.76%.
Snc-Lavalin Group Company Profile
SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.