Beacon Securities Comments on Horizon North Logistics Inc.’s Q2 2018 Earnings (HNL)

Horizon North Logistics Inc. (TSE:HNL) – Stock analysts at Beacon Securities lowered their Q2 2018 EPS estimates for shares of Horizon North Logistics in a report issued on Wednesday, May 9th. Beacon Securities analyst K. Wilson now forecasts that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.02. Beacon Securities also issued estimates for Horizon North Logistics’ Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.01 EPS.

Several other equities analysts have also recently weighed in on the company. Raymond James cut Horizon North Logistics from a “market perform” rating to an “underperform” rating and raised their price target for the company from C$1.60 to C$1.70 in a report on Tuesday, April 10th. TD Securities raised their price target 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 raised their price target on Horizon North Logistics from C$2.40 to C$2.75 and gave the company an “outperform” rating in a report on Tuesday, April 10th. Clarus Securities restated a “buy” rating on shares of Horizon North Logistics in a report on Thursday, March 15th. Finally, Scotiabank upgraded Horizon North Logistics from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from C$1.50 to C$2.25 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 stock. The company currently has an average rating of “Buy” and an average price target of C$2.49.

TSE HNL opened at C$2.44 on Friday. Horizon North Logistics has a 1-year low of C$1.16 and a 1-year high of C$2.53.

Horizon North Logistics (TSE:HNL) last released its quarterly earnings results on Tuesday, March 13th. The company reported C($0.03) earnings per share for the quarter, meeting the consensus estimate of C($0.03). The business had revenue of C$82.66 million during the quarter, compared to analysts’ expectations 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Stockholders 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 dividend yield of 3.28%. The ex-dividend date is Thursday, June 28th.

About Horizon North Logistics

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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