Shawcor Ltd (TSE:SCL) – Analysts at National Bank Financial upped their Q4 2017 earnings per share estimates for Shawcor in a report released on Sunday. National Bank Financial analyst G. Colman now expects that the company will earn $0.35 per share for the quarter, up from their prior forecast of $0.33. National Bank Financial also issued estimates for Shawcor’s FY2018 earnings at $0.77 EPS, FY2019 earnings at $1.61 EPS and FY2020 earnings at $1.90 EPS.
Several other equities analysts have also recently commented on SCL. TD Securities set a C$33.00 target price on shares of Shawcor and gave the stock a “buy” rating in a research report on Saturday, September 23rd. Scotiabank raised shares of Shawcor from an “underperform” rating to a “sector perform” rating and set a C$32.00 price target on the stock in a report on Tuesday. Finally, BMO Capital Markets lowered their price target on shares of Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$36.00.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. Shawcor’s dividend payout ratio is 51.72%.
Shawcor Company Profile
Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.
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