Brokers Issue Forecasts for Stella-Jones FY2024 Earnings

Stella-Jones Inc. (TSE:SJ) – Stock analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Stella-Jones in a report issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $5.46 per share for the year, down from their prior estimate of $5.74. The consensus estimate for Stella-Jones’ current full-year earnings is $6.45 per share. National Bank Financial also issued estimates for Stella-Jones’ Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $1.01 EPS and FY2026 earnings at $5.65 EPS.

Other research analysts have also recently issued reports about the company. TD Securities reduced their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Scotiabank cut their price objective on Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$83.00 to C$86.00 in a research note on Wednesday, January 15th. Finally, Cibc World Mkts raised shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$88.50.

Stella-Jones Price Performance

Shares of SJ opened at C$73.33 on Friday. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. Stella-Jones has a twelve month low of C$65.43 and a twelve month high of C$98.00. The stock has a market capitalization of C$4.13 billion, a P/E ratio of 11.85, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a 50 day moving average of C$71.06 and a 200-day moving average of C$83.03.

Stella-Jones (TSE:SJ) last announced its earnings results on Wednesday, November 6th. The company reported C$1.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.70 by C($0.28). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. During the same quarter last year, the business earned $1.91 earnings per share.

Stella-Jones Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.53%. Stella-Jones’s dividend payout ratio is presently 18.09%.

Insider Activity at Stella-Jones

In related news, Senior Officer Richard Cuddihy acquired 500 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Rhodri Harries purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$70.50 per share, for a total transaction of C$352,500.00. Insiders bought 12,785 shares of company stock valued at $896,221 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.