Cormark Equities Analysts Cut Earnings Estimates for Chesswood Group (TSE:CHW)

Chesswood Group (TSE:CHW) – Investment analysts at Cormark decreased their FY2019 EPS estimates for shares of Chesswood Group in a report issued on Wednesday, March 14th, Zacks Investment Research reports. Cormark analyst J. Fenwick now anticipates that the company will earn $1.38 per share for the year, down from their previous forecast of $1.42.

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

TSE CHW opened at C$10.70 on Friday. Chesswood Group has a 12-month low of C$9.04 and a 12-month high of C$14.60.

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. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.85%.

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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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