FY2024 EPS Estimates for Stella-Jones Lowered by Scotiabank

Stella-Jones Inc. (TSE:SJ) – Stock analysts at Scotiabank decreased their FY2024 earnings estimates for Stella-Jones in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $5.51 per share for the year, down from their previous estimate of $5.94. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. Scotiabank also issued estimates for Stella-Jones’ FY2025 earnings at $6.11 EPS.

A number of other brokerages also recently issued reports on SJ. TD Securities lowered their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Finally, CIBC decreased their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Stock Performance

SJ stock opened at C$65.69 on Monday. The stock has a market capitalization of C$3.70 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The stock’s 50 day simple moving average is C$71.91 and its 200 day simple moving average is C$84.04. Stella-Jones has a 12-month low of C$65.43 and a 12-month high of C$98.00. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Insider Activity

In other Stella-Jones news, Director Rhodri Harries purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$69.50 per share, with a total value of C$347,500.00. Also, Senior Officer Richard Cuddihy acquired 500 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average price of C$70.85 per share, for a total transaction of C$35,424.00. Insiders have 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.70%. Stella-Jones’s dividend payout ratio (DPR) is 18.09%.

Stella-Jones Company Profile

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.