Jamieson Wellness (TSE:JWEL) Posts Earnings Results

Jamieson Wellness (TSE:JWEL – Get Free Report) announced its quarterly earnings results on Thursday. The company reported C$0.46 earnings per share (EPS) for the quarter, FiscalAI reports. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. The business had revenue of C$233.84 million during the quarter.

Jamieson Wellness Trading Up 9.6%

Shares of TSE JWEL traded up C$3.98 during midday trading on Friday, reaching C$45.48. 1,561,888 shares of the stock were exchanged, compared to its average volume of 99,116. The stock has a 50 day moving average price of C$39.62 and a 200-day moving average price of C$36.75. The company has a current ratio of 3.58, a quick ratio of 1.08 and a debt-to-equity ratio of 96.64. The company has a market capitalization of C$1.89 billion, a P/E ratio of 26.29 and a beta of 1.48. Jamieson Wellness has a 52-week low of C$32.54 and a 52-week high of C$45.65.

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Jamieson Wellness Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s dividend payout ratio (DPR) is currently 52.02%.

Wall Street Analysts Forecast Growth

JWEL has been the subject of a number of research reports. Stifel Nicolaus downgraded shares of Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their price target for the company from C$45.00 to C$45.75 in a research report on Friday. Canadian Imperial Bank of Commerce lowered Jamieson Wellness from an “outperformer” rating to a “tender” rating and upped their target price for the company from C$44.00 to C$45.75 in a report on Friday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.12.

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About Jamieson Wellness

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Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.

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