Highwood Asset Management Ltd. (CVE:HAM) Forecasted to Earn Q3 2024 Earnings of $0.54 Per Share

Highwood Asset Management Ltd. (CVE:HAMFree Report) – Equities researchers at Atb Cap Markets dropped their Q3 2024 EPS estimates for shares of Highwood Asset Management in a note issued to investors on Tuesday, September 24th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.54 per share for the quarter, down from their prior forecast of $0.62. The consensus estimate for Highwood Asset Management’s current full-year earnings is $1.86 per share. Atb Cap Markets also issued estimates for Highwood Asset Management’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.81 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.40 EPS and FY2026 earnings at $1.99 EPS.

Highwood Asset Management (CVE:HAMGet Free Report) last posted its earnings results on Wednesday, August 14th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$32.74 million during the quarter, compared to analyst estimates of C$37.30 million. Highwood Asset Management had a return on equity of 91.31% and a net margin of 63.50%.

Separately, Ventum Cap Mkts raised Highwood Asset Management to a “strong-buy” rating in a report on Thursday, July 4th.

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Highwood Asset Management Stock Up 1.7 %

CVE HAM opened at C$5.85 on Friday. The company’s 50-day simple moving average is C$5.74. Highwood Asset Management has a 52 week low of C$4.00 and a 52 week high of C$7.59. The stock has a market cap of C$86.81 million, a price-to-earnings ratio of 1.08 and a beta of -0.89.

Highwood Asset Management Company Profile

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Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.

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Earnings History and Estimates for Highwood Asset Management (CVE:HAM)

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