Hardwoods Distribution Inc. (TSE:HDI – Get Rating) – Analysts at National Bank Financial upped their Q3 2022 earnings per share (EPS) estimates for shares of Hardwoods Distribution in a research note issued on Sunday, October 30th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $1.66 per share for the quarter, up from their prior forecast of $1.61. The consensus estimate for Hardwoods Distribution's current full-year earnings is $5.04 per share. National Bank Financial also issued estimates for Hardwoods Distribution's Q4 2022 earnings at $1.29 EPS, FY2022 earnings at $7.85 EPS and FY2023 earnings at $5.82 EPS.

A number of other analysts also recently issued reports on HDI. Canaccord Genuity Group decreased their price target on Hardwoods Distribution from C$59.00 to C$37.00 in a report on Friday, October 7th. CIBC cut their target price on Hardwoods Distribution from C$46.00 to C$37.00 in a research report on Friday, October 14th. TD Securities cut their target price on Hardwoods Distribution from C$73.00 to C$64.00 and set a "buy" rating on the stock in a research report on Thursday, August 4th. Finally, Cormark cut their target price on Hardwoods Distribution from C$55.00 to C$38.00 in a research report on Tuesday, October 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$51.10.

Hardwoods Distribution Stock Up 1.1 %

Hardwoods Distribution (TSE:HDI – Get Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported C$2.31 earnings per share (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 the consensus estimate of C$816.41 million.

Hardwoods Distribution Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, October 14th. Hardwoods Distribution's dividend payout ratio (DPR) is presently 3.88%.

Hardwoods Distribution Company Profile

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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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