Hardwoods Distribution Inc Expected to Earn Q1 2020 Earnings of $0.30 Per Share (TSE:HDI)

Hardwoods Distribution Inc (TSE:HDI) – Equities researchers at Cormark issued their Q1 2020 EPS estimates for shares of Hardwoods Distribution in a research report issued on Monday, March 23rd. Cormark analyst J. Fenwick anticipates that the company will post earnings per share of $0.30 for the quarter. Cormark also issued estimates for Hardwoods Distribution’s Q3 2020 earnings at $0.22 EPS and FY2020 earnings at $0.99 EPS.

A number of other research analysts also recently commented on HDI. CIBC lifted their price objective on shares of Hardwoods Distribution from C$17.00 to C$19.00 in a research report on Monday, January 13th. National Bank Financial dropped their target price on shares of Hardwoods Distribution from C$22.50 to C$18.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Canaccord Genuity raised their target price on shares of Hardwoods Distribution from C$18.00 to C$19.00 in a research note on Monday, January 13th.

Shares of HDI stock opened at C$9.44 on Thursday. The stock has a market cap of $205.71 million and a P/E ratio of 6.84. The company has a debt-to-equity ratio of 66.78, a current ratio of 2.09 and a quick ratio of 0.79. The company has a fifty day moving average price of C$14.29 and a two-hundred day moving average price of C$14.34. Hardwoods Distribution has a one year low of C$7.40 and a one year high of C$17.23.

Hardwoods Distribution Company Profile

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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