Equities Analysts Issue Forecasts for Chesswood Group Limited’s Q3 2023 Earnings (TSE:CHW)

Posted by on Sep 25th, 2023

Chesswood Group Limited (TSE:CHW – Free Report) – Analysts at Cormark upped their Q3 2023 earnings estimates for Chesswood Group in a report released on Wednesday, September 20th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of ($0.04) per share for the quarter, up from their previous forecast of ($0.05). The consensus estimate for Chesswood Group’s current full-year earnings is $0.81 per share. Cormark also issued estimates for Chesswood Group’s Q3 2024 earnings at $0.20 EPS and Q4 2024 earnings at $0.23 EPS.

Chesswood Group (TSE:CHW – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported C$0.10 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.13. The business had revenue of C$80.46 million for the quarter, compared to analysts’ expectations of C$81.79 million. Chesswood Group had a net margin of 13.50% and a return on equity of 10.15%.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut shares of Chesswood Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$10.00 to C$8.00 in a report on Wednesday, September 20th. Royal Bank of Canada cut their price objective on shares of Chesswood Group from C$8.00 to C$6.00 and set an “underperform” rating on the stock in a report on Tuesday, September 19th.

View Our Latest Stock Report on CHW

Chesswood Group Price Performance

Shares of CHW opened at C$7.31 on Monday. The stock has a market cap of C$131.43 million, a PE ratio of 6.77 and a beta of 2.15. The company has a debt-to-equity ratio of 958.64, a quick ratio of 38.05 and a current ratio of 58.32. Chesswood Group has a fifty-two week low of C$6.40 and a fifty-two week high of C$12.74. The firm’s 50-day simple moving average is C$7.44 and its two-hundred day simple moving average is C$8.15.

Chesswood Group Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 28th. Chesswood Group’s payout ratio is 55.56%.

Insider Activity

In other news, insider CB Leaseco Holdings Inc. purchased 5,100 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of C$6.97 per share, for a total transaction of C$35,567.91. Corporate insiders own 38.33% of the company’s stock.

Chesswood Group Company Profile

(Get Free Report)

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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Earnings History and Estimates for Chesswood Group (TSE:CHW)

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