FY2020 EPS Estimates for Hardwoods Distribution Inc Lowered by Cormark (HDI)

Hardwoods Distribution Inc (TSE:HDI) – Equities research analysts at Cormark decreased their FY2020 EPS estimates for Hardwoods Distribution in a research report issued on Monday, May 13th. Cormark analyst M. Macdougall now expects that the company will earn $1.68 per share for the year, down from their prior estimate of $1.83.

Hardwoods Distribution (TSE:HDI) last released its earnings results on Thursday, March 14th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.29 by C($0.03). The business had revenue of C$274.99 million for the quarter, compared to analysts’ expectations of C$264.30 million.

HDI has been the topic of several other reports. National Bank Financial decreased their target price on shares of Hardwoods Distribution from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a report on Monday. Canaccord Genuity decreased their price target on shares of Hardwoods Distribution from C$17.00 to C$15.00 in a report on Monday, March 18th. Finally, CIBC lifted their price target on shares of Hardwoods Distribution from C$15.00 to C$16.00 in a report on Monday.

HDI stock opened at C$12.69 on Wednesday. The company has a debt-to-equity ratio of 76.74, a quick ratio of 0.70 and a current ratio of 1.94. Hardwoods Distribution has a 12 month low of C$10.04 and a 12 month high of C$18.97. The stock has a market capitalization of $268.81 million and a price-to-earnings ratio of 9.13.

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, April 12th. Hardwoods Distribution’s dividend payout ratio (DPR) is presently 21.40%.

About Hardwoods Distribution

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.

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Earnings History and Estimates for Hardwoods Distribution (TSE:HDI)

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