Cormark Weighs in on Horizon North Logistics Inc.’s Q4 2018 Earnings (HNL)

Horizon North Logistics Inc. (TSE:HNL) – Equities researchers at Cormark raised their Q4 2018 EPS estimates for shares of Horizon North Logistics in a note issued to investors on Thursday, May 10th. Cormark analyst J. Zhang now forecasts that the company will earn $0.03 per share for the quarter, up from their prior forecast of $0.02. Cormark also issued estimates for Horizon North Logistics’ FY2019 earnings at $0.13 EPS.

Several other research firms have also commented on HNL. Raymond James lowered Horizon North Logistics from a “market perform” rating to an “underperform” rating and upped their target price for the company from C$1.60 to C$1.70 in a report on Tuesday, April 10th. TD Securities upped their target price on Horizon North Logistics from C$3.00 to C$3.25 and gave the company a “buy” rating in a report on Tuesday, April 10th. National Bank Financial upped their target price on Horizon North Logistics from C$1.90 to C$2.40 and gave the company an “outperform” rating in a report on Wednesday, March 14th. Scotiabank raised Horizon North Logistics from an “underperform” rating to a “sector perform” rating and upped their target price for the company from C$1.50 to C$2.25 in a report on Thursday, March 15th. Finally, Clarus Securities reaffirmed a “buy” rating on shares of Horizon North Logistics in a report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$2.49.

Horizon North Logistics opened at C$2.43 on Monday, Marketbeat.com reports. Horizon North Logistics has a 52 week low of C$1.16 and a 52 week high of C$2.53.

Horizon North Logistics (TSE:HNL) last posted its earnings results on Tuesday, March 13th. The company reported C($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.03). The company had revenue of C$82.66 million during the quarter, compared to analyst estimates of C$80.45 million. Horizon North Logistics had a negative return on equity of 7.80% and a negative net margin of 7.76%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Saturday, June 30th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 28th.

Horizon North Logistics Company Profile

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada and the United States. The company operates through Camps & Catering, Rentals & Logistics, and Modular Solutions segments. It offers workforce accommodations and camp management, camp rental, and catering services, as well as manufactures and sells camps; and remote power and energy generation systems.

Earnings History and Estimates for Horizon North Logistics (TSE:HNL)

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