Q3 2019 EPS Estimates for Macro Enterprises Inc. (MCR) Lifted by Analyst

Macro Enterprises Inc. (CVE:MCR) – Equities research analysts at Cormark upped their Q3 2019 earnings per share (EPS) estimates for shares of Macro Enterprises in a report issued on Thursday, May 9th. Cormark analyst B. Watson now forecasts that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18. Cormark also issued estimates for Macro Enterprises’ Q4 2019 earnings at $0.16 EPS, FY2019 earnings at $0.95 EPS, Q1 2020 earnings at $0.33 EPS, Q2 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.68 EPS.

Macro Enterprises (CVE:MCR) last released its quarterly earnings results on Thursday, March 21st. The company reported C$0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.35 by C$0.09. The company had revenue of C$137.60 million during the quarter, compared to analyst estimates of C$116.50 million.

CVE:MCR opened at C$3.95 on Monday. The company has a debt-to-equity ratio of 29.37, a current ratio of 1.66 and a quick ratio of 1.62. Macro Enterprises has a 1-year low of C$2.05 and a 1-year high of C$4.40. The firm has a market capitalization of $130.13 million and a P/E ratio of 14.63.

About Macro Enterprises

Macro Enterprises Inc, together with its subsidiaries, provides pipeline and facilities construction and maintenance services to companies in the oil and gas industry in western Canada. It is involved in the construction, alteration, repair, and installation of pipeline and facility pressure piping, and structural steel facilities, as well as provision of pipeline integrity digs services.

Read More: Bear Market – How and Why They Occur

Earnings History and Estimates for Macro Enterprises (CVE:MCR)

Receive News & Ratings for Macro Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macro Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.