Research Analysts Offer Predictions for The Westaim Co.’s Q3 2023 Earnings (CVE:WED)

The Westaim Co. (CVE:WED – Free Report) – Equities researchers at Cormark issued their Q3 2023 earnings per share estimates for shares of Westaim in a research report issued to clients and investors on Thursday, October 5th. Cormark analyst J. Fenwick anticipates that the company will post earnings of $0.19 per share for the quarter. The consensus estimate for Westaim’s current full-year earnings is $0.38 per share. Cormark also issued estimates for Westaim’s FY2024 earnings at $0.07 EPS.

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Westaim (CVE:WED – Get Free Report) last released its quarterly earnings results on Tuesday, August 15th. The company reported C$0.30 earnings per share for the quarter, missing the consensus estimate of C$0.32 by C($0.02). Westaim had a return on equity of 34.58% and a net margin of 91.68%. The firm had revenue of C$4.44 million for the quarter, compared to analysts’ expectations of C$49.82 million.

Westaim Stock Performance

Shares of Westaim stock opened at C$3.59 on Friday. The business’s fifty day simple moving average is C$3.54 and its 200 day simple moving average is C$3.36. The company has a current ratio of 22.18, a quick ratio of 27.60 and a debt-to-equity ratio of 8.02. Westaim has a 12 month low of C$2.40 and a 12 month high of C$3.73. The firm has a market capitalization of C$498.97 million, a P/E ratio of 2.66 and a beta of 0.41.

Insider Activity

In related news, Director J. Cameron Macdonald sold 95,766 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$3.56, for a total value of C$340,926.96. Insiders own 14.91% of the company’s stock.

Westaim Company Profile

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The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.

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