Q4 2017 Earnings Forecast for Shawcor Ltd Issued By National Bank Financial (SCL)

Shawcor Ltd (TSE:SCL) – Research analysts at National Bank Financial boosted their Q4 2017 earnings estimates for Shawcor in a note issued to investors on Sunday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.35 per share for the quarter, up from their prior estimate of $0.33. National Bank Financial also issued estimates for Shawcor’s FY2018 earnings at $0.77 EPS, FY2019 earnings at $1.61 EPS and FY2020 earnings at $1.90 EPS.

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Several other equities research analysts have also commented on the company. BMO Capital Markets lowered their price objective on Shawcor from C$42.00 to C$36.00 in a research report on Monday, August 14th. TD Securities set a C$33.00 target price on Shawcor and gave the company a “buy” rating in a research report on Saturday, September 23rd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$36.80.

Shares of Shawcor (TSE:SCL) opened at C$25.85 on Tuesday. Shawcor has a 52-week low of C$24.20 and a 52-week high of C$39.95.

Shawcor Company Profile

Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.

Earnings History and Estimates for Shawcor (TSE:SCL)

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