Dirtt Environmental Solutions Ltd (TSE:DRT) – Raymond James decreased their Q3 2019 earnings per share (EPS) estimates for Dirtt Environmental Solutions in a research note issued to investors on Thursday, May 9th. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.15. Raymond James has a “Strong-Buy” rating and a $10.00 price objective on the stock. Raymond James also issued estimates for Dirtt Environmental Solutions’ FY2020 earnings at $0.54 EPS.
Other research analysts also recently issued research reports about the stock. Industrial Alliance Securities dropped their price objective on shares of Dirtt Environmental Solutions from C$9.50 to C$8.50 and set a “hold” rating for the company in a report on Friday. National Bank Financial increased their price objective on shares of Dirtt Environmental Solutions from C$9.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$9.38.
DRT opened at C$7.99 on Monday. Dirtt Environmental Solutions has a 52 week low of C$5.63 and a 52 week high of C$9.30. The stock has a market cap of $698.45 million and a price-to-earnings ratio of 228.29. The company has a quick ratio of 2.04, a current ratio of 2.47 and a debt-to-equity ratio of 4.50.
Dirtt Environmental Solutions (TSE:DRT) last released its quarterly earnings data on Wednesday, March 20th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C($0.03) by C$0.15. The company had revenue of C$98.66 million for the quarter, compared to the consensus estimate of C$86.67 million.
About Dirtt Environmental Solutions
DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.