Chesswood Group Ltd (TSE:CHW) – Cormark cut their FY2019 earnings per share estimates for Chesswood Group in a research note issued to investors on Thursday, May 16th. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $0.94 for the year, down from their prior forecast of $1.20.
Separately, Industrial Alliance Securities upped their target price on Chesswood Group from C$15.00 to C$16.00 and gave the company a “top pick” rating in a report on Wednesday, January 23rd.
Chesswood Group (TSE:CHW) last posted its earnings results on Wednesday, March 13th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$29.49 million for the quarter, compared to the consensus estimate of C$29.40 million.
The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.25%. The ex-dividend date was Monday, April 29th. Chesswood Group’s dividend payout ratio (DPR) is presently 67.04%.
About Chesswood Group
Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. It operates through Equipment Financing – U.S. and Equipment Financing Canada segments. The Equipment Financing – U.S. segment offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 independent equipment finance broker companies in the lower 48 states of the United States.
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