National Bank Financial Comments on Morneau Shepell Inc’s Q4 2018 Earnings (MSI)

Morneau Shepell Inc (TSE:MSI) – Equities research analysts at National Bank Financial cut their Q4 2018 earnings per share estimates for shares of Morneau Shepell in a report released on Wednesday, November 7th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.07 per share for the quarter, down from their prior estimate of $0.08. National Bank Financial has a “Outperform” rating and a $31.00 price target on the stock. National Bank Financial also issued estimates for Morneau Shepell’s FY2019 earnings at $0.76 EPS and FY2020 earnings at $1.16 EPS.

Morneau Shepell (TSE:MSI) last posted its quarterly earnings results on Thursday, August 9th. The company reported C$0.24 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). The firm had revenue of C$171.19 million during the quarter, compared to the consensus estimate of C$173.50 million.

A number of other research firms have also recently commented on MSI. CIBC boosted their price target on Morneau Shepell from C$27.25 to C$29.00 in a report on Monday, July 30th. TD Securities boosted their price target on Morneau Shepell from C$27.00 to C$29.00 and gave the stock a “hold” rating in a report on Monday, July 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Morneau Shepell currently has a consensus rating of “Buy” and an average price target of C$27.67.

Morneau Shepell stock opened at C$28.72 on Friday. The company has a debt-to-equity ratio of 79.66, a current ratio of 2.05 and a quick ratio of 1.64. Morneau Shepell has a 52 week low of C$21.14 and a 52 week high of C$29.17.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.78 dividend on an annualized basis and a yield of 2.72%. Morneau Shepell’s payout ratio is presently 103.86%.

Morneau Shepell Company Profile

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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