Horizon North Logistics Inc (TSE:HNL) – Equities research analysts at Beacon Securities lifted their Q1 2019 earnings per share estimates for Horizon North Logistics in a research note issued to investors on Wednesday, April 24th. Beacon Securities analyst K. Wilson now anticipates that the company will earn $0.00 per share for the quarter, up from their prior forecast of ($0.01). Beacon Securities also issued estimates for Horizon North Logistics’ FY2020 earnings at $0.07 EPS.
Several other research firms have also recently commented on HNL. TD Securities boosted their price target on Horizon North Logistics from C$2.75 to C$3.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. GMP Securities reiterated a “buy” rating and issued a C$2.50 price target on shares of Horizon North Logistics in a research note on Tuesday, January 8th. Raymond James reiterated an “outperform” rating and issued a C$2.50 price target on shares of Horizon North Logistics in a research note on Wednesday, March 13th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Horizon North Logistics in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$2.94.
TSE:HNL opened at C$2.41 on Friday. The company has a debt-to-equity ratio of 9.40, a quick ratio of 1.91 and a current ratio of 2.15. Horizon North Logistics has a one year low of C$1.48 and a one year high of C$3.27. The stock has a market capitalization of $397.77 million and a P/E ratio of -45.47.
Horizon North Logistics (TSE:HNL) last released its quarterly earnings results on Tuesday, March 12th. The company reported C$0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.01. The business had revenue of C$118.05 million during the quarter, compared to analyst estimates of C$107.29 million.
In other news, Director Russell Newmark acquired 15,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of C$1.88 per share, for a total transaction of C$28,200.00. Following the completion of the purchase, the director now directly owns 855,353 shares of the company’s stock, valued at approximately C$1,608,063.64.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.32%. The ex-dividend date was Thursday, March 28th. Horizon North Logistics’s payout ratio is currently -150.94%.
About Horizon North Logistics
Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada and the United States. The company’s Industrial Services division supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.