Q3 2019 EPS Estimates for Shawcor Ltd (SCL) Increased by Analyst

Shawcor Ltd (TSE:SCL) – Investment analysts at National Bank Financial upped their Q3 2019 earnings per share estimates for shares of Shawcor in a research note issued to investors on Tuesday, May 14th. National Bank Financial analyst G. Colman now anticipates that the company will earn $0.13 per share for the quarter, up from their previous estimate of $0.12. National Bank Financial has a “Outperform” rating and a $33.00 price target on the stock. National Bank Financial also issued estimates for Shawcor’s Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $1.47 EPS.

Several other research analysts also recently weighed in on SCL. Industrial Alliance Securities upped their target price on shares of Shawcor from C$26.50 to C$27.50 and gave the company a “strong-buy” rating in a research note on Tuesday, January 22nd. Cormark decreased their target price on shares of Shawcor from C$35.00 to C$28.00 and set a “buy” rating for the company in a research note on Tuesday, March 12th. AltaCorp Capital restated an “outperform” rating on shares of Shawcor in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets decreased their target price on shares of Shawcor from C$32.00 to C$28.00 in a research note on Thursday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$28.10.

Shares of SCL stock opened at C$18.64 on Friday. The firm has a market capitalization of $1.34 billion and a PE ratio of 50.51. The company has a quick ratio of 1.80, a current ratio of 2.36 and a debt-to-equity ratio of 26.11. Shawcor has a twelve month low of C$15.11 and a twelve month high of C$28.89.

Shawcor (TSE:SCL) last announced its earnings results on Wednesday, March 6th. The company reported C$0.06 earnings per share for the quarter, beating the consensus estimate of C($0.04) by C$0.10. The firm had revenue of C$354.15 million during the quarter, compared to analysts’ expectations of C$336.10 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.22%. Shawcor’s dividend payout ratio (DPR) is presently 162.60%.

In other news, Senior Officer Kevin Dominic Reizer sold 1,573 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$21.00, for a total value of C$33,033.00. Following the completion of the transaction, the insider now directly owns 427 shares in the company, valued at C$8,967.

About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.

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Earnings History and Estimates for Shawcor (TSE:SCL)

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