Westshore Terminals Investment (TSE:WTE) Announces Quarterly Earnings Results

Westshore Terminals Investment (TSE:WTE) issued its quarterly earnings results on Wednesday. The company reported C$0.41 EPS for the quarter, FiscalAI reports. The business had revenue of C$93.57 million during the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%.

Westshore Terminals Investment Stock Up 10.4%

Shares of WTE stock opened at C$43.80 on Friday. The company’s fifty day simple moving average is C$40.26 and its two-hundred day simple moving average is C$36.07. Westshore Terminals Investment has a 52 week low of C$24.50 and a 52 week high of C$43.87. The stock has a market cap of C$2.71 billion, a P/E ratio of 27.55 and a beta of 0.73. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their price target on Westshore Terminals Investment from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$44.00.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship.