Brokers Set Expectations for GDI Integrated Facility Services Inc.’s Q3 2019 Earnings (GDI)

GDI Integrated Facility Services Inc. (TSE:GDI) – Desjardins reduced their Q3 2019 earnings per share estimates for GDI Integrated Facility Services in a research note issued on Monday, May 13th. Desjardins analyst F. Tremblay now expects that the company will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.28. Desjardins also issued estimates for GDI Integrated Facility Services’ Q4 2019 earnings at $0.29 EPS.

GDI Integrated Facility Services (TSE:GDI) last issued its quarterly earnings results on Thursday, February 28th. The company reported C$0.17 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.05). The business had revenue of C$303.30 million for the quarter, compared to analyst estimates of C$291.37 million.

Several other equities analysts have also weighed in on the stock. TD Securities upped their price objective on shares of GDI Integrated Facility Services from C$29.00 to C$32.00 and gave the company a “buy” rating in a report on Monday. CIBC upped their price objective on shares of GDI Integrated Facility Services from C$24.00 to C$28.00 in a report on Monday. Finally, National Bank Financial set a C$30.50 price objective on shares of GDI Integrated Facility Services and gave the company an “outperform” rating in a report on Friday, May 10th.

Shares of TSE GDI opened at C$26.79 on Thursday. GDI Integrated Facility Services has a 1-year low of C$15.64 and a 1-year high of C$27.00. The stock has a market cap of $566.18 million and a PE ratio of 44.65. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 75.36.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc operates in the outsourced facility services industry. The company operates through Janitorial Canada, Janitorial USA, Technical services, and Complementary Services segments. It offers janitorial services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning and dusting, as well as other building services, including lawn maintenance, snow removal, and other.

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