Brokers Set Expectations for The Westaim Co.’s FY2024 Earnings (CVE:WED)

The Westaim Co. (CVE:WED) – Stock analysts at Cormark lifted their FY2024 earnings estimates for shares of Westaim in a research report issued to clients and investors on Thursday, October 10th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $0.08 for the year, up from their prior estimate of $0.05. The consensus estimate for Westaim’s current full-year earnings is $0.09 per share.

Westaim Stock Up 4.5 %

WED stock opened at C$4.65 on Monday. The company has a quick ratio of 27.60, a current ratio of 11.67 and a debt-to-equity ratio of 0.01. Westaim has a fifty-two week low of C$3.38 and a fifty-two week high of C$4.89. The firm’s 50-day simple moving average is C$4.02 and its 200 day simple moving average is C$3.96. The stock has a market cap of C$595.99 million, a PE ratio of 7.15 and a beta of 0.39.

Westaim (CVE:WED) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.18) EPS for the quarter, missing analysts’ consensus estimates of C($0.14) by C($0.04). Westaim had a net margin of 61.76% and a return on equity of 13.13%. The company had revenue of C$4.81 million for the quarter.

About Westaim

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.