Equities Analysts Offer Predictions for Dirtt Environmental Solutions Ltd’s Q3 2019 Earnings (DRT)
Dirtt Environmental Solutions Ltd (TSE:DRT) – Raymond James decreased their Q3 2019 earnings per share (EPS) estimates for Dirtt Environmental Solutions in a research note issued to investors on Thursday, May…
From the Equity Insider archive. This article dates from May 14, 2019 and is preserved as first published.
Dirtt Environmental Solutions Ltd (TSE:DRT) – Raymond James decreased their Q3 2019 earnings per share (EPS) estimates for Dirtt Environmental Solutions in a research note issued to investors on Thursday, May 9th. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.15. Raymond James has a “Strong-Buy” rating and a $10.00 price objective on the stock. Raymond James also issued estimates for Dirtt Environmental Solutions’ FY2020 earnings at $0.54 EPS.
Other research analysts also recently issued research reports about the stock. Industrial Alliance Securities dropped their price objective on shares of Dirtt Environmental Solutions from C$9.50 to C$8.50 and set a “hold” rating for the company in a report on Friday. National Bank Financial increased their price objective on shares of Dirtt Environmental Solutions from C$9.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$9.38.
Industrial Alliance Securities dropped their price objective on shares of Dirtt Environmental Solutions from C$9.
DRT opened at C$7.99 on Monday. Dirtt Environmental Solutions has a 52 week low of C$5.63 and a 52 week high of C$9.30. The stock has a market cap of $698.45 million and a price-to-earnings ratio of 228.29. The company has a quick ratio of 2.04, a current ratio of 2.47 and a debt-to-equity ratio of 4.50.
Dirtt Environmental Solutions (TSE:DRT) last released its quarterly earnings data on Wednesday, March 20th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C($0.03) by C$0.15. The company had revenue of C$98.66 million for the quarter, compared to the consensus estimate of C$86.67 million.
About Dirtt Environmental Solutions
DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.
