Brokers Issue Forecasts for Distinct Infrastructure Group Inc’s FY2017 Earnings (DUG)

Distinct Infrastructure Group Inc (CVE:DUG) – Cormark boosted their FY2017 earnings per share estimates for Distinct Infrastructure Group in a note issued to investors on Monday. Cormark analyst G. Fairweather now expects that the company will earn $0.10 per share for the year, up from their previous estimate of $0.09. Cormark also issued estimates for Distinct Infrastructure Group’s FY2018 earnings at $0.11 EPS and FY2019 earnings at $0.15 EPS.

Distinct Infrastructure Group (CVE:DUG) last issued its quarterly earnings results on Monday, November 27th. The company reported C$0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.05. Distinct Infrastructure Group had a return on equity of 21.22% and a net margin of 7.82%.

Separately, Canaccord Genuity increased their price target on Distinct Infrastructure Group from C$1.45 to C$1.50 in a report on Thursday, November 23rd.

Shares of Distinct Infrastructure Group (DUG) opened at C$1.32 on Wednesday. Distinct Infrastructure Group has a 1-year low of C$1.14 and a 1-year high of C$2.24. The firm has a market capitalization of $50.78, a PE ratio of 132.00 and a beta of -9.02.

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About Distinct Infrastructure Group

Distinct Infrastructure Group Inc, through its subsidiaries, operates as a design, engineering, construction, services, and maintenance company in Canada. It offers technical and maintenance, directional drilling, underground and aerial civil construction, hydro-excavation, and third party material management services to the utilities and telecommunications sectors.

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