Raymond James Has Bearish Outlook for CVE:DE FY2024 Earnings

Decisive Dividend Co. (CVE:DE) – Investment analysts at Raymond James reduced their FY2024 earnings estimates for Decisive Dividend in a note issued to investors on Friday, November 15th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $0.10 per share for the year, down from their prior forecast of $0.11. The consensus estimate for Decisive Dividend’s current full-year earnings is $0.32 per share. Raymond James also issued estimates for Decisive Dividend’s FY2025 earnings at $0.26 EPS.

Separately, Cormark downgraded shares of Decisive Dividend from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Decisive Dividend Price Performance

Shares of DE stock opened at C$6.29 on Monday. Decisive Dividend has a 52 week low of C$5.51 and a 52 week high of C$11.50. The stock has a market capitalization of C$122.09 million, a PE ratio of 28.59 and a beta of 1.18. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95. The stock’s fifty day moving average is C$6.38 and its 200-day moving average is C$6.83.

Decisive Dividend (CVE:DE) last announced its earnings results on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a return on equity of 8.34% and a net margin of 3.32%. The business had revenue of C$32.24 million during the quarter, compared to analyst estimates of C$36.70 million.

Insider Activity at Decisive Dividend

In other news, Senior Officer Jeffrey David Schellenberg acquired 8,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$6.30 per share, for a total transaction of C$50,408.00. Insiders purchased a total of 12,650 shares of company stock valued at $79,236 over the last quarter. Corporate insiders own 10.13% of the company’s stock.

About Decisive Dividend

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.