Hardwoods Distribution Inc. (TSE:HDI – Get Rating) declared a quarterly dividend on Friday, October 14th, TickerTech reports. Stockholders of record on Friday, October 28th will be given a dividend of 0.12 per share on Friday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, October 14th.
Hardwoods Distribution Stock Up 0.0 %
Shares of TSE:HDI opened at C$23.60 on Thursday. Hardwoods Distribution has a 52-week low of C$23.35 and a 52-week high of C$49.58. The company has a debt-to-equity ratio of 182.44, a quick ratio of 0.46 and a current ratio of 1.58. The firm has a market capitalization of C$551.20 million and a P/E ratio of 2.62. The stock has a 50 day moving average price of C$29.00 and a 200-day moving average price of C$30.82.
Get Hardwoods Distribution alerts:Hardwoods Distribution (TSE:HDI – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported C$2.31 EPS for the quarter, missing analysts' consensus estimates of C$2.54 by C($0.23). The business had revenue of C$893.79 million during the quarter, compared to analyst estimates of C$816.41 million. As a group, equities research analysts anticipate that Hardwoods Distribution will post 5.4000002 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on HDI shares. Canaccord Genuity Group reduced their price objective on shares of Hardwoods Distribution from C$59.00 to C$37.00 in a research note on Friday, October 7th. TD Securities dropped their price objective on shares of Hardwoods Distribution from C$73.00 to C$64.00 and set a "buy" rating on the stock in a report on Thursday, August 4th. Cormark lowered their price target on shares of Hardwoods Distribution from C$55.00 to C$38.00 in a report on Tuesday. Finally, CIBC upped their price target on shares of Hardwoods Distribution from C$41.00 to C$46.00 and gave the company an "outperform" rating in a report on Monday, August 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$55.08.About Hardwoods Distribution
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Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.
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