People Corp to Post FY2019 Earnings of ($0.01) Per Share, Clarus Securities Forecasts (PEO)

People Corp (CVE:PEO) – Clarus Securities lowered their FY2019 earnings estimates for People in a report issued on Tuesday, April 23rd. Clarus Securities analyst N. Atkinson now forecasts that the company will earn ($0.01) per share for the year, down from their previous estimate of $0.09. Clarus Securities also issued estimates for People’s FY2020 earnings at $0.25 EPS.

Several other research analysts have also weighed in on PEO. CIBC set a C$9.25 target price on shares of People and gave the stock an “outperform” rating in a research note on Thursday, February 28th. Desjardins restated a “buy” rating and issued a C$9.50 price target on shares of People in a report on Friday, February 22nd. Finally, Canaccord Genuity set a C$10.00 target price on People and gave the stock a “buy” rating in a research report on Friday, January 25th.

PEO stock opened at C$7.90 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 50.59. People has a 12 month low of C$6.18 and a 12 month high of C$8.52. The firm has a market capitalization of $459.66 million and a PE ratio of -35.59.

People (CVE:PEO) last announced its quarterly earnings data on Monday, January 28th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). The company had revenue of C$36.34 million for the quarter, compared to the consensus estimate of C$36.90 million.

People Company Profile

People Corporation provides individual and employee group benefits, group retirement, wellness, and human resource solutions in Canada. The company offers consulting advice, which primarily includes plan review and design, plan recommendations and alternative funding methods, plan set up, employee communications, wellness programs, and plan marketing services.

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Earnings History and Estimates for People (CVE:PEO)

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