Brokers Set Expectations for Major Drilling Group Int’l Inc.’s Q1 2019 Earnings (MDI)

Major Drilling Group Int’l Inc. (TSE:MDI) – Beacon Securities issued their Q1 2019 earnings per share (EPS) estimates for Major Drilling Group Int’l in a research report issued on Friday, June 8th. Beacon Securities analyst A. Shaath anticipates that the company will post earnings of ($0.04) per share for the quarter. Beacon Securities also issued estimates for Major Drilling Group Int’l’s Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.12) EPS, Q4 2019 earnings at ($0.02) EPS and FY2019 earnings at ($0.14) EPS.

Shares of Major Drilling Group Int’l opened at C$6.82 on Monday, according to Major Drilling Group Int’l has a twelve month low of C$6.03 and a twelve month high of C$8.69.

Major Drilling Group Int’l (TSE:MDI) last issued its quarterly earnings results on Thursday, June 7th. The company reported C($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.08) by C$0.03. Major Drilling Group Int’l had a negative net margin of 3.09% and a negative return on equity of 2.86%. The company had revenue of C$95.41 million during the quarter, compared to the consensus estimate of C$85.50 million.

In other Major Drilling Group Int’l news, insider Denis Joseph Larocque purchased 5,000 shares of the business’s stock in a transaction on Monday, March 26th. The stock was bought at an average cost of C$6.64 per share, with a total value of C$33,200.00.

About Major Drilling Group Int’l

Major Drilling Group International Inc primarily provides drilling services for mining and mineral exploration companies. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/longhole drilling services; and surface drill and blast services, as well as various drilling-related mine services.

Earnings History and Estimates for Major Drilling Group Int`l (TSE:MDI)

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