Highwood Asset Management Ltd. to Post Q3 2024 Earnings of $0.54 Per Share, Atb Cap Markets Forecasts (CVE:HAM)

Highwood Asset Management Ltd. (CVE:HAM) – Research analysts at Atb Cap Markets dropped their Q3 2024 earnings estimates for shares of Highwood Asset Management in a research report issued on Tuesday, September 24th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for Highwood Asset Management’s current full-year earnings is $1.86 per share. Atb Cap Markets also issued estimates for Highwood Asset Management’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.81 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.40 EPS and FY2026 earnings at $1.99 EPS.

Highwood Asset Management (CVE:HAM) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. Highwood Asset Management had a net margin of 63.50% and a return on equity of 91.31%. The firm had revenue of C$32.74 million during the quarter, compared to the consensus estimate of C$37.30 million.

Separately, Ventum Cap Mkts raised Highwood Asset Management to a “strong-buy” rating in a report on Thursday, July 4th.

Highwood Asset Management Trading Down 3.4 %

Shares of CVE HAM opened at C$5.75 on Friday. The company has a market cap of C$85.33 million, a P/E ratio of 1.06 and a beta of -0.89. The business has a 50 day moving average of C$5.73. Highwood Asset Management has a 12-month low of C$4.00 and a 12-month high of C$7.59.

Highwood Asset Management Company Profile

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.