Posted by admin on May 19th, 2022
Shawcor Ltd. (TSE:SCL – Get Rating) – Stock analysts at Cormark increased their Q2 2022 earnings estimates for Shawcor in a research report issued to clients and investors on Monday, May 16th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their previous estimate of ($0.02). Cormark also issued estimates for Shawcor’s Q3 2022 earnings at $0.22 EPS, Q4 2022 earnings at $0.33 EPS, FY2022 earnings at $0.56 EPS, Q1 2023 earnings at $0.29 EPS, Q2 2023 earnings at $0.24 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.27 EPS, FY2023 earnings at $1.07 EPS and FY2024 earnings at $1.22 EPS.
Shawcor (TSE:SCL – Get Rating) last issued its earnings results on Wednesday, March 9th. The company reported C($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.10) by C$0.05. The company had revenue of C$266.38 million during the quarter, compared to analysts’ expectations of C$252.13 million.
SCL has been the subject of several other reports. BMO Capital Markets upgraded Shawcor from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$6.00 to C$7.00 in a report on Monday. TD Securities upgraded Shawcor from a “hold” rating to a “buy” rating and increased their price target for the stock from C$6.00 to C$7.50 in a report on Monday. ATB Capital upgraded Shawcor from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$6.75 to C$8.00 in a report on Monday. Atb Cap Markets upgraded Shawcor from a “sector perform” rating to an “outperform” rating in a report on Sunday. Finally, Royal Bank of Canada increased their price target on Shawcor from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a report on Monday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$7.92.
Shares of TSE:SCL opened at C$6.23 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.89 and a debt-to-equity ratio of 53.98. The business has a fifty day moving average of C$5.07 and a two-hundred day moving average of C$5.23. The stock has a market cap of C$439.10 million and a P/E ratio of -5.55. Shawcor has a 52-week low of C$4.24 and a 52-week high of C$6.75.
Shawcor Company Profile (Get Rating)
Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.
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