Raymond James Predicts Lower Earnings for Decisive Dividend

Decisive Dividend Co. (CVE:DE) – Equities researchers at Raymond James decreased their FY2024 earnings per share estimates for shares of Decisive Dividend in a report released on Friday, November 15th. Raymond James analyst S. Hansen now expects that the company will earn $0.10 per share for the year, down from their previous forecast of $0.11. The consensus estimate for Decisive Dividend’s current full-year earnings is $0.32 per share. Raymond James also issued estimates for Decisive Dividend’s FY2025 earnings at $0.26 EPS.

Separately, Cormark downgraded Decisive Dividend from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Decisive Dividend Stock Up 3.8 %

CVE DE opened at C$6.30 on Monday. Decisive Dividend has a one year low of C$5.51 and a one year high of C$11.50. The company has a market cap of C$122.28 million, a P/E ratio of 28.64 and a beta of 1.18. The business has a fifty day moving average price of C$6.38 and a 200 day moving average price of C$6.86. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95.

Decisive Dividend (CVE:DE) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. The firm had revenue of C$32.24 million during the quarter, compared to analyst estimates of C$36.70 million.

Insider Activity at Decisive Dividend

In related news, Senior Officer Jeffrey David Schellenberg purchased 8,000 shares of Decisive Dividend stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$6.30 per share, with a total value of C$50,408.00. Insiders bought 12,650 shares of company stock worth $79,236 in the last three months. 10.13% of the stock is owned by company insiders.

About Decisive Dividend

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.