FY2024 EPS Estimates for Stella-Jones Decreased by Analyst

Stella-Jones Inc. (TSE:SJ) – Analysts at Desjardins dropped their FY2024 EPS estimates for shares of Stella-Jones in a report released on Wednesday, November 6th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $5.46 for the year, down from their prior estimate of $5.87. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. Desjardins also issued estimates for Stella-Jones’ Q4 2024 earnings at $0.84 EPS and FY2025 earnings at $5.59 EPS.

Several other equities research analysts have also weighed in on the company. Scotiabank cut their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. TD Securities dropped their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. National Bankshares boosted their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, CIBC decreased their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$88.00.

Stella-Jones Stock Performance

TSE:SJ opened at C$70.99 on Monday. Stella-Jones has a 12 month low of C$70.45 and a 12 month high of C$98.00. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The firm has a market capitalization of C$4.00 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The business’s fifty day moving average price is C$88.74 and its 200 day moving average price is C$87.66.

Insiders Place Their Bets

In other news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is currently owned by insiders.

Stella-Jones Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s dividend payout ratio is currently 18.09%.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.