Brokers Set Expectations for Stella-Jones Q4 Earnings

Stella-Jones Inc. (TSE:SJ) – Equities researchers at National Bank Financial dropped their Q4 2024 EPS estimates for Stella-Jones in a note issued to investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.74 per share for the quarter, down from their prior forecast of $1.01. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. National Bank Financial also issued estimates for Stella-Jones’ FY2025 earnings at $5.64 EPS.

Several other equities research analysts also recently commented on SJ. Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada dropped their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. TD Securities decreased their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Scotiabank dropped their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. Finally, CIBC raised shares of Stella-Jones from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.50.

Stella-Jones Trading Down 1.0 %

Shares of SJ opened at C$72.75 on Monday. Stella-Jones has a 12 month low of C$65.43 and a 12 month high of C$98.00. The stock’s 50-day moving average is C$71.26 and its two-hundred day moving average is C$82.81. 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 stock has a market cap of C$4.10 billion, a PE ratio of 11.75, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, November 6th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.70 by C($0.28). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. During the same quarter last year, the business posted $1.91 EPS.

Insiders Place Their Bets

In other news, Director Rhodri Harries acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of C$70.50 per share, for a total transaction of C$352,500.00. Also, Director Patrick Kirkham bought 2,035 shares of Stella-Jones stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of C$70.36 per share, for a total transaction of C$143,179.34. Insiders purchased a total of 12,785 shares of company stock valued at $896,221 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Stella-Jones Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.54%. Stella-Jones’s dividend payout ratio (DPR) is 18.09%.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.