Desjardins Has Negative Forecast for TSE:GDI FY2024 Earnings

GDI Integrated Facility Services Inc. (TSE:GDI) – Investment analysts at Desjardins cut their FY2024 earnings per share estimates for shares of GDI Integrated Facility Services in a report issued on Wednesday, November 13th. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.55 per share for the year, down from their prior estimate of $0.57. The consensus estimate for GDI Integrated Facility Services’ current full-year earnings is $1.30 per share. Desjardins also issued estimates for GDI Integrated Facility Services’ Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $1.19 EPS.

A number of other equities research analysts also recently commented on the company. Cormark reduced their target price on GDI Integrated Facility Services from C$40.00 to C$39.00 in a report on Friday, August 9th. National Bankshares increased their price target on shares of GDI Integrated Facility Services from C$38.50 to C$41.50 in a report on Thursday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$42.75.

GDI Integrated Facility Services Stock Down 3.4 %

GDI opened at C$35.66 on Friday. The company has a debt-to-equity ratio of 104.15, a current ratio of 1.75 and a quick ratio of 1.44. GDI Integrated Facility Services has a 12 month low of C$30.77 and a 12 month high of C$40.12. The stock has a market capitalization of C$525.63 million, a P/E ratio of 51.68 and a beta of 1.03. The business has a 50 day simple moving average of C$35.95 and a 200-day simple moving average of C$34.76.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc, together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. The company operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments. It offers cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, vacuuming, carpet cleaning, washing walls and glass, shampooing rugs, removing trash and debris, and dusting, as well as other building services, including lawn maintenance, snow removal, and others.