Beacon Securities Comments on Horizon North Logistics Inc.’s FY2018 Earnings (HNL)

Horizon North Logistics Inc. (TSE:HNL) – Research analysts at Beacon Securities issued their FY2018 earnings per share estimates for shares of Horizon North Logistics in a research note issued on Tuesday. Beacon Securities analyst K. Wilson forecasts that the company will post earnings of $0.01 per share for the year.

Several other brokerages have also recently issued reports on HNL. Scotiabank set a C$1.50 price target on Horizon North Logistics and gave the company an “underperform” rating in a research note on Tuesday. National Bank Financial boosted their price target on Horizon North Logistics from C$2.20 to C$2.40 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Finally, Raymond James Financial cut Horizon North Logistics from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$2.15 to C$1.60 in a research note on Tuesday.

Shares of Horizon North Logistics (HNL) traded up C$0.02 during mid-day trading on Thursday, hitting C$1.57. The company had a trading volume of 142,315 shares, compared to its average volume of 128,875. The company has a market capitalization of $224.25, a PE ratio of -19.63 and a beta of 1.34. Horizon North Logistics has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.35.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Thursday, December 28th. Horizon North Logistics’s payout ratio is presently -100.00%.

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Horizon North Logistics Company Profile

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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