FY2018 EPS Estimates for CanWel Building Materials Group Ltd (CWX) Raised by Analyst

CanWel Building Materials Group Ltd (TSE:CWX) – Investment analysts at Cormark raised their FY2018 earnings per share (EPS) estimates for CanWel Building Materials Group in a research note issued to investors on Friday. Cormark analyst G. Fairweather now forecasts that the company will post earnings of $0.54 per share for the year, up from their previous forecast of $0.50.

CanWel Building Materials Group (TSE:CWX) last issued its earnings results on Thursday, July 27th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $320.04 million for the quarter, compared to analysts’ expectations of $300.28 million. CanWel Building Materials Group had a net margin of 0.75% and a return on equity of 2.38%. TRADEMARK VIOLATION WARNING: This piece was published by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/19/fy2018-eps-estimates-for-canwel-building-materials-group-ltd-cwx-raised-by-analyst-updated-updated.html.

CWX has been the topic of a number of other research reports. Raymond James Financial, Inc. upgraded shares of CanWel Building Materials Group from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$7.25 to C$7.50 in a research note on Thursday, May 25th. National Bank Financial reiterated an “outperform” rating and set a C$7.00 price target on shares of CanWel Building Materials Group in a research note on Tuesday, April 18th.

Shares of CanWel Building Materials Group (TSE:CWX) traded up 0.65% during mid-day trading on Monday, hitting $6.19. 50,128 shares of the company’s stock were exchanged. The company has a market capitalization of $419.57 million and a price-to-earnings ratio of 6.85. CanWel Building Materials Group has a 52 week low of $5.23 and a 52 week high of $7.09. The firm has a 50 day moving average price of $6.44 and a 200-day moving average price of $6.17.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, June 28th. This is a boost from CanWel Building Materials Group’s previous quarterly dividend of $0.07. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.11%.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns.

Earnings History and Estimates for CanWel Building Materials Group (TSE:CWX)

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