Q1 2020 Earnings Forecast for Horizon North Logistics Inc (HNL) Issued By Cormark

Horizon North Logistics Inc (TSE:HNL) – Cormark decreased their Q1 2020 earnings per share (EPS) estimates for Horizon North Logistics in a report released on Monday, May 6th, Zacks Investment Research reports. Cormark analyst B. Watson now anticipates that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.04.

Several other brokerages have also recently issued reports on HNL. TD Securities boosted their price objective on shares of Horizon North Logistics from C$2.75 to C$3.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Raymond James reissued an “outperform” rating and issued a C$2.50 price objective on shares of Horizon North Logistics in a research note on Wednesday, March 13th. National Bank Financial boosted their price objective on shares of Horizon North Logistics from C$3.20 to C$3.30 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Horizon North Logistics in a research report on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$2.96.

Shares of Horizon North Logistics stock traded down C$0.05 during trading on Wednesday, reaching C$1.90. The company’s stock had a trading volume of 90,769 shares, compared to its average volume of 237,658. The stock has a market capitalization of $321.85 million and a price-to-earnings ratio of 237.50. Horizon North Logistics has a fifty-two week low of C$1.48 and a fifty-two week high of C$3.27. The company has a debt-to-equity ratio of 17.39, a current ratio of 1.82 and a quick ratio of 1.66.

Horizon North Logistics (TSE:HNL) last issued its quarterly earnings data on Tuesday, March 12th. The company reported C$0.01 earnings per share for the quarter, hitting the consensus estimate of C$0.01. The company had revenue of C$118.05 million for the quarter, compared to analysts’ expectations of C$107.29 million.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Thursday, June 27th. Horizon North Logistics’s dividend payout ratio (DPR) is presently 1,000.00%.

In other news, Director Russell Newmark acquired 15,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was bought at an average price of C$1.88 per share, with a total value of C$28,200.00. Following the completion of the transaction, the director now directly owns 855,353 shares of the company’s stock, valued at C$1,608,063.64. Also, Director Roderick William Graham sold 200,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$2.33, for a total transaction of C$466,000.00. Following the completion of the sale, the director now directly owns 83,500 shares of the company’s stock, valued at approximately C$194,555.

About Horizon North Logistics

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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Earnings History and Estimates for Horizon North Logistics (TSE:HNL)

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