BQE Water Inc. Forecasted to Post FY2024 Earnings of $2.62 Per Share (CVE:BQE)

BQE Water Inc. (CVE:BQE) – Investment analysts at Atrium Research reduced their FY2024 earnings per share (EPS) estimates for shares of BQE Water in a note issued to investors on Wednesday, August 28th. Atrium Research analyst N. Cortellucci now expects that the company will post earnings of $2.62 per share for the year, down from their previous forecast of $3.07. Atrium Research also issued estimates for BQE Water’s FY2025 earnings at $4.71 EPS.

BQE Water Price Performance

BQE stock opened at C$59.00 on Monday. The business’s 50-day moving average is C$58.67 and its two-hundred day moving average is C$53.19. The company has a debt-to-equity ratio of 13.21, a current ratio of 6.09 and a quick ratio of 3.70. The firm has a market capitalization of C$74.93 million, a P/E ratio of 30.10 and a beta of 0.69. BQE Water has a 1 year low of C$24.26 and a 1 year high of C$69.00.

Insider Buying and Selling

In other news, Senior Officer Songlin Ye sold 800 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of C$60.80, for a total value of C$48,640.00. Following the transaction, the insider now owns 498 shares in the company, valued at approximately C$30,278.40. Over the last ninety days, insiders have sold 1,450 shares of company stock worth $87,844. Company insiders own 52.50% of the company’s stock.

BQE Water Company Profile

BQE Water Inc, a water treatment company, provides wastewater management and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, run-off, waste rock seepage, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, ammonia, and cyanide in the mining sector; smelting and refining services for treating metals and sulphate; and hydrometallurgy services for the treatment of metals, cyanide, and acids.