FY2024 EPS Estimate for Stella-Jones Decreased by Analyst

Stella-Jones Inc. (TSE:SJ) – Equities researchers at Desjardins lowered their FY2024 EPS estimates for shares of Stella-Jones in a report issued on Wednesday, November 6th. Desjardins analyst B. Poirier now expects that the company will earn $5.46 per share for the year, down from their prior estimate of $5.87. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. Desjardins also issued estimates for Stella-Jones’ Q4 2024 earnings at $0.84 EPS and FY2025 earnings at $5.59 EPS.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. CIBC dropped their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. National Bankshares boosted their target price on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. TD Securities lowered their price target on shares of 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. Finally, Scotiabank cut their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Stella-Jones presently has an average rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Stock Performance

SJ opened at C$70.72 on Monday. The firm has a 50 day moving average of C$88.30 and a two-hundred day moving average of C$87.59. The firm has a market capitalization of C$3.99 billion, a PE ratio of 11.42, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08. Stella-Jones has a 12-month low of C$69.76 and a 12-month high of C$98.00.

Insiders Place Their Bets

In related news, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is currently owned by corporate insiders.

Stella-Jones Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.58%. Stella-Jones’s dividend payout ratio (DPR) is presently 18.09%.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.