Monday, October 21, 2024
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National Bank forecasts TSE:S Q3 earnings

Sherritt International Co. (TSE:SFree Report) – National Bank Financial lowered their Q3 2024 earnings per share (EPS) estimate for Sherritt International from $0.02 to ($0.03) in a report on October 14th. The current full-year consensus estimate is $0.06 per share. They also forecasted FY2024 earnings at ($0.13) EPS and FY2025 earnings at ($0.01) EPS.

Sherritt’s last earnings report on July 29th showed EPS of C($0.03), which was better than the expected C($0.07). The company had a negative return on equity of 20.46% and a revenue of C$51.40 million.

National Bankshares lowered the price target for Sherritt from C$0.50 to C$0.35 with a “sector perform” rating on Tuesday.

Sherritt International Stock Update

Sherritt International stock opened at C$0.20 on Thursday. Key metrics include a debt-to-equity ratio of 65.78, a quick ratio of 1.24, and a market cap of C$77.47 million. The stock has a 1-year low of C$0.19 and a high of C$0.44.

About Sherritt International

Sherritt International Corporation is involved in the mining and sale of nickel and cobalt, operating in North America, Cuba, Europe, and other regions. The company also produces agricultural fertilizers and sulfuric acid.

Further Reading

Earnings History and Estimates for Sherritt International (TSE:S)

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