FY2017 EPS Estimates for Horizon North Logistics Inc. Decreased by Analyst (HNL)

Horizon North Logistics Inc. (TSE:HNL) – Equities research analysts at National Bank Financial lowered their FY2017 earnings estimates for shares of Horizon North Logistics in a report released on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings per share of ($0.06) for the year, down from their prior estimate of ($0.01). National Bank Financial currently has a “Outperform” rating and a $1.90 target price on the stock. National Bank Financial also issued estimates for Horizon North Logistics’ Q4 2017 earnings at ($0.03) EPS and FY2018 earnings at ($0.02) EPS.

HNL has been the subject of several other reports. Raymond James Financial downgraded Horizon North Logistics from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$2.15 to C$1.60 in a report on Tuesday, January 9th. Scotiabank set a C$1.50 price target on Horizon North Logistics and gave the company an “underperform” rating in a report on Tuesday, January 9th.

Horizon North Logistics (TSE:HNL) opened at C$1.64 on Friday. Horizon North Logistics has a twelve month low of C$1.16 and a twelve month high of C$2.35. The firm has a market capitalization of $237.27, a price-to-earnings ratio of -20.50 and a beta of 1.34.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.08 annualized dividend and a dividend yield of 4.88%. Horizon North Logistics’s payout ratio is presently -100.00%.

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About Horizon North Logistics

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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