CanWel Building Materials Group (CWX) to Release Earnings on Thursday

CanWel Building Materials Group (TSE:CWX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.

Shares of TSE:CWX opened at C$4.91 on Wednesday. CanWel Building Materials Group has a 52 week low of C$4.60 and a 52 week high of C$7.50.

CWX has been the subject of a number of recent research reports. Raymond James reduced their price objective on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Wednesday, September 12th. Canaccord Genuity reduced their price objective on shares of CanWel Building Materials Group from C$7.50 to C$6.50 and set a “buy” rating for the company in a research note on Monday, October 1st. CIBC boosted their price objective on shares of CanWel Building Materials Group from C$6.50 to C$7.00 in a research note on Thursday, July 12th. Finally, National Bank Financial reduced their price objective on shares of CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, September 14th.

In other CanWel Building Materials Group news, insider James Salter Code purchased 6,000 shares of CanWel Building Materials Group stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of C$6.37 per share, with a total value of C$38,220.00. Also, Director Marc Seguin purchased 10,000 shares of CanWel Building Materials Group stock in a transaction dated Friday, September 21st. The shares were acquired at an average cost of C$5.70 per share, for a total transaction of C$57,000.00. Over the last ninety days, insiders have bought 100,200 shares of company stock worth $588,579.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/11/07/canwel-building-materials-group-cwx-to-release-earnings-on-thursday.html.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.

Further Reading: Price to Earnings Ratio (PE) Basics

Earnings History for CanWel Building Materials Group (TSE:CWX)

Receive News & Ratings for CanWel Building Materials Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CanWel Building Materials Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply