Carmanah Technologies Corp Forecasted to Post FY2017 Earnings of $0.14 Per Share (CMH)

Carmanah Technologies Corp (TSE:CMH) – Cormark decreased their FY2017 earnings per share (EPS) estimates for shares of Carmanah Technologies Corp in a research report issued to clients and investors on Friday. Cormark analyst M. D. Whale now anticipates that the company will earn $0.14 per share for the year, down from their prior forecast of $0.15. Cormark also issued estimates for Carmanah Technologies Corp’s Q4 2017 earnings at $0.04 EPS.

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Separately, Canaccord Genuity reduced their price target on Carmanah Technologies Corp from C$5.25 to C$4.75 in a research report on Thursday.

Carmanah Technologies Corp (TSE:CMH) opened at C$4.12 on Monday. Carmanah Technologies Corp has a 12-month low of C$3.51 and a 12-month high of C$4.95.

In other Carmanah Technologies Corp news, Director John Charles Simmons purchased 100,000 shares of Carmanah Technologies Corp stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average cost of C$1.45 per share, with a total value of C$145,000.00.

Carmanah Technologies Corp Company Profile

Carmanah Technologies Corp is a Canada-based company engaged in the business of developing and distributing renewable technologies, including solar-power light emitting diode (LED) lighting, and solar powered systems and equipment. The Company’s segments are Signals, Illumination and Power. The Signals segment offers products for traffic, marine, airfield ground lighting, aviation/obstruction and offshore verticals.

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