FY2018 Earnings Estimate for Solium Capital Inc. Issued By Cormark (SUM)

Solium Capital Inc. (TSE:SUM) – Research analysts at Cormark lifted their FY2018 earnings estimates for Solium Capital in a research report issued on Wednesday, November 7th. Cormark analyst G. Fairweather now forecasts that the company will post earnings of $0.12 per share for the year, up from their prior forecast of $0.03. Cormark also issued estimates for Solium Capital’s FY2019 earnings at $0.20 EPS.

Solium Capital (TSE:SUM) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.02). The company had revenue of C$34.73 million during the quarter, compared to the consensus estimate of C$32.68 million.

Other research analysts also recently issued research reports about the company. Haywood Securities upped their target price on Solium Capital from C$15.50 to C$17.00 in a report on Thursday. Canaccord Genuity upped their target price on Solium Capital from C$14.00 to C$14.50 in a report on Wednesday. Laurentian upped their target price on Solium Capital from C$13.00 to C$14.00 in a report on Thursday, August 9th. CIBC upped their target price on Solium Capital from C$11.50 to C$13.50 and gave the stock a “c$12.86” rating in a report on Monday, July 23rd. Finally, National Bank Financial upped their target price on Solium Capital from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th.

Shares of TSE:SUM opened at C$12.18 on Friday. Solium Capital has a 1 year low of C$9.91 and a 1 year high of C$13.24. The company has a debt-to-equity ratio of 8.03, a current ratio of 4.25 and a quick ratio of 4.17.

In other Solium Capital news, Director Michael Graeme Broadfoot sold 3,370 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of C$11.00, for a total transaction of C$37,070.00.

Solium Capital Company Profile

Solium Capital Inc provides cloud-enabled services for administration, financial reporting, and compliance related to equity-based incentive plans in Canada, the United States, and internationally. The company offers Shareworks software platforms, such as Plan Admin that unifies various plans to get trusted data and timely reports; Shareworks Participant Experience, which provides a tool for participants to manage their equity plans; and Shareworks Forms Filing for achieving compliance with Section 16 SEC filing requirements.

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Earnings History and Estimates for Solium Capital (TSE:SUM)

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