Sherritt International Co. to Post Q2 2023 Earnings of $0.09 Per Share, National Bank Financial Forecasts (TSE:S)

Sherritt International Co. (TSE:S – Free Report) – Investment analysts at National Bank Financial upped their Q2 2023 earnings per share (EPS) estimates for shares of Sherritt International in a report issued on Tuesday, July 11th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.09 per share for the quarter, up from their prior estimate of $0.02. The consensus estimate for Sherritt International’s current full-year earnings is $0.13 per share. National Bank Financial also issued estimates for Sherritt International’s FY2024 earnings at $0.15 EPS.

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Sherritt International (TSE:S – Get Free Report) last released its earnings results on Wednesday, May 10th. The company reported C$0.03 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.01. Sherritt International had a net margin of 30.05% and a return on equity of 9.38%. The firm had revenue of C$58.60 million during the quarter.

Sherritt International Price Performance

Shares of TSE:S opened at C$0.52 on Friday. The company has a market cap of C$206.59 million, a PE ratio of 3.47, a P/E/G ratio of 0.02 and a beta of 1.80. Sherritt International has a fifty-two week low of C$0.32 and a fifty-two week high of C$0.65. The firm has a 50-day simple moving average of C$0.50 and a 200 day simple moving average of C$0.54. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 54.02.

Sherritt International Company Profile

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Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic sources primarily in Canada and Cuba. It operates through Moa Joint Venture and Fort Site, Metals Other, Oil and Gas, Power, and Technologies segments. The company produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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