Street Capital Group Inc (SCB) to Post FY2018 Earnings of ($0.04) Per Share, National Bank Financial Forecasts

Street Capital Group Inc (TSE:SCB) – Equities researchers at National Bank Financial reduced their FY2018 EPS estimates for Street Capital Group in a research note issued on Tuesday, February 19th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will earn ($0.04) per share for the year, down from their previous forecast of ($0.03). National Bank Financial currently has a “Sector Perform” rating and a $0.60 target price on the stock. National Bank Financial also issued estimates for Street Capital Group’s FY2019 earnings at $0.04 EPS and FY2020 earnings at $0.09 EPS.

Separately, Raymond James reduced their price objective on Street Capital Group from C$0.90 to C$0.80 and set a “market perform” rating for the company in a research report on Friday, November 16th.

Shares of TSE SCB opened at C$0.59 on Friday. The company has a debt-to-equity ratio of 148.63, a current ratio of 1.48 and a quick ratio of 1.32. The company has a market cap of $68.42 million and a PE ratio of 39.33. Street Capital Group has a 12-month low of C$0.46 and a 12-month high of C$0.94.

About Street Capital Group

Street Capital Group Inc, a financial services company, through its subsidiaries, primarily engages in the mortgage lending business in Canada. It provides a broad lineup of high ratio and conventional mortgages to borrowers, as well as sells the mortgages. The company offers residential mortgage loans primarily through its network of independent mortgage brokers.

Further Reading: Strangles

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