Chesswood Group Limited (TSE:CHW – Free Report) – Equities research analysts at Cormark decreased their Q3 2023 earnings per share estimates for shares of Chesswood Group in a research report issued to clients and investors on Thursday, August 10th. Cormark analyst J. Fenwick now forecasts that the company will earn ($0.05) per share for the quarter, down from their prior estimate of $0.10. The consensus estimate for Chesswood Group’s current full-year earnings is $0.45 per share. Cormark also issued estimates for Chesswood Group’s Q4 2023 earnings at $0.04 EPS, FY2023 earnings at $0.15 EPS and FY2024 earnings at $0.67 EPS.
Separately, Royal Bank of Canada downgraded shares of Chesswood Group from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from C$9.00 to C$8.00 in a research note on Wednesday, August 9th.
Chesswood Group Trading Up 0.7 %
CHW stock opened at C$7.30 on Monday. The company has a debt-to-equity ratio of 983.35, a quick ratio of 38.05 and a current ratio of 45.30. Chesswood Group has a 52 week low of C$7.22 and a 52 week high of C$13.60. The company’s 50-day simple moving average is C$7.97 and its 200 day simple moving average is C$9.08. The company has a market capitalization of C$140.89 million, a PE ratio of 5.07 and a beta of 2.12.
Chesswood Group Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, July 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.22%. Chesswood Group’s dividend payout ratio is presently 41.67%.
About Chesswood Group
Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of equipment finance broker firms in Canada.
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