Q2 2021 EPS Estimates for Morneau Shepell Inc. (TSE:MSI) Reduced by Analyst

Morneau Shepell Inc. (TSE:MSI) – National Bank Financial cut their Q2 2021 earnings per share estimates for shares of Morneau Shepell in a report issued on Thursday, May 13th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.17. National Bank Financial has a “Outperform” rating and a $39.00 price objective on the stock. National Bank Financial also issued estimates for Morneau Shepell’s Q3 2021 earnings at $0.15 EPS, Q4 2021 earnings at $0.20 EPS and FY2022 earnings at $1.02 EPS.

A number of other analysts also recently issued reports on MSI. TD Securities lifted their price objective on shares of Morneau Shepell from C$38.00 to C$39.00 and gave the company a “buy” rating in a report on Monday. CIBC lifted their price objective on shares of Morneau Shepell from C$38.00 to C$43.00 and gave the company a “na” rating in a report on Friday, March 12th. National Bankshares raised their target price on shares of Morneau Shepell from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank raised their target price on shares of Morneau Shepell from C$36.00 to C$37.00 in a research note on Monday. Finally, BMO Capital Markets raised their target price on shares of Morneau Shepell from C$38.00 to C$40.00 and gave the company a “na” rating in a research note on Monday. Three investment analysts have rated the stock with a buy rating, Morneau Shepell presently has a consensus rating of “Buy” and a consensus target price of C$39.50.

TSE MSI opened at C$31.74 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.39 and a debt-to-equity ratio of 86.17. Morneau Shepell has a 12-month low of C$26.22 and a 12-month high of C$34.28. The company has a market capitalization of C$2.18 billion and a PE ratio of 82.23. The firm’s 50 day moving average is C$31.79 and its 200-day moving average is C$31.16.

Morneau Shepell (TSE:MSI) last posted its quarterly earnings data on Wednesday, March 10th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.10 by C$0.05. The business had revenue of C$249.64 million during the quarter, compared to analyst estimates of C$246.70 million.

The company also recently announced a monthly dividend, which was paid on Monday, May 17th. Investors of record on Friday, April 30th were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, April 29th. This represents a $0.78 annualized dividend and a dividend yield of 2.46%. Morneau Shepell’s dividend payout ratio is presently 202.07%.

Morneau Shepell Company Profile

Morneau Shepell Inc provides technology based human resources consulting services in Canada, the United States, and internationally. It 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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