TSE:HPS FY2024 EPS Decreased by National Bank Financial

Hammond Power Solutions Inc. (TSE:HPS) – Research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Hammond Power Solutions in a research note issued on Monday, October 14th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $5.10 for the year, down from their prior estimate of $5.42. National Bank Financial also issued estimates for Hammond Power Solutions’ FY2025 earnings at $6.39 EPS and FY2026 earnings at $6.86 EPS.

Hammond Power Solutions (TSE:HPS) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.30 by C($0.32). The firm had revenue of C$197.21 million for the quarter, compared to the consensus estimate of C$191.40 million.

Separately, Acumen Capital raised shares of Hammond Power Solutions to a “strong-buy” rating in a report on Tuesday, September 24th.

Hammond Power Solutions Price Performance

Hammond Power Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were issued a $0.275 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.10 dividend on an annualized basis and a dividend yield of ∞.

About Hammond Power Solutions

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.