Chesswood Group Forecasted to Earn FY2018 Earnings of $1.30 Per Share (CHW)

Chesswood Group (TSE:CHW) – Analysts at Cormark upped their FY2018 earnings per share (EPS) estimates for shares of Chesswood Group in a research report issued to clients and investors on Wednesday, March 14th, Zacks Investment Research reports. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $1.30 for the year, up from their previous forecast of $1.16.

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Shares of TSE CHW traded up C$0.06 during midday trading on Thursday, hitting C$10.70. The company’s stock had a trading volume of 22,036 shares, compared to its average volume of 20,742. Chesswood Group has a 1 year low of C$9.04 and a 1 year high of C$14.60.

Chesswood Group (TSE:CHW) last posted its quarterly earnings data on Monday, March 12th. The company reported C$0.74 EPS for the quarter. Chesswood Group had a net margin of 14.16% and a return on equity of 8.69%. The business had revenue of C$24.63 million during the quarter, compared to analyst estimates of C$25.00 million.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is Wednesday, March 28th.

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Chesswood Group Company Profile

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company operates through Equipment Financing – U.S. and Equipment Financing ? Canada segments. It offers micro and small-ticket equipment financing to small and medium-sized businesses in the lower 48 states of the United States.

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