Raymond James Expects Weaker Earnings for Decisive Dividend

Decisive Dividend Co. (CVE:DE) – Equities research analysts at Raymond James cut their FY2024 earnings estimates for Decisive Dividend in a research report issued to clients and investors on Friday, November 15th. Raymond James analyst S. Hansen now anticipates that the company will earn $0.10 per share for the year, down from their previous forecast of $0.11. The consensus estimate for Decisive Dividend’s current full-year earnings is $0.32 per share. Raymond James also issued estimates for Decisive Dividend’s FY2025 earnings at $0.26 EPS.

Decisive Dividend (CVE:DE) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a return on equity of 8.34% and a net margin of 3.32%. The business had revenue of C$32.24 million during the quarter, compared to the consensus estimate of C$36.70 million.

Separately, Cormark cut shares of Decisive Dividend from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 7th.

Decisive Dividend Price Performance

CVE DE opened at C$6.29 on Monday. Decisive Dividend has a 1 year low of C$5.51 and a 1 year high of C$11.50. The business’s fifty day moving average is C$6.38 and its two-hundred day moving average is C$6.83. The stock has a market capitalization of C$122.09 million, a P/E ratio of 28.59 and a beta of 1.18. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95.

Insider Transactions at Decisive Dividend

In related news, Senior Officer Jeffrey David Schellenberg purchased 8,000 shares of Decisive Dividend stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of C$6.30 per share, with a total value of C$50,408.00. Insiders bought 12,650 shares of company stock valued at $79,236 in the last three months. Corporate insiders own 10.13% of the company’s stock.

Decisive Dividend Company Profile

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.