Tricon Capital Group Inc (TSE:TCN) Forecasted to Earn FY2019 Earnings of $1.04 Per Share

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Tricon Capital Group Inc (TSE:TCN) – Analysts at National Bank Financial decreased their FY2019 earnings per share estimates for shares of Tricon Capital Group in a report issued on Monday, August 12th. National Bank Financial analyst T. Woolley now expects that the company will post earnings of $1.04 per share for the year, down from their prior forecast of $1.05. National Bank Financial also issued estimates for Tricon Capital Group’s FY2020 earnings at $1.00 EPS.

A number of other equities analysts also recently issued reports on TCN. TD Securities downgraded Tricon Capital Group from an “action list buy” rating to a “buy” rating and lowered their price target for the stock from C$14.50 to C$13.50 in a research report on Thursday, May 9th. Raymond James reiterated a “strong-buy” rating and set a C$13.25 price target on shares of Tricon Capital Group in a research report on Friday, August 9th. Royal Bank of Canada lowered their price target on Tricon Capital Group from C$14.00 to C$13.00 in a research report on Monday, July 22nd. Finally, CIBC lowered their price target on Tricon Capital Group from C$14.00 to C$13.75 in a research report on Friday, August 9th.

Shares of TCN stock opened at C$9.66 on Wednesday. The company has a market capitalization of $1.37 billion and a P/E ratio of 12.95. The business’s 50 day moving average is C$10.02 and its two-hundred day moving average is C$10.59. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 27.05. Tricon Capital Group has a 12-month low of C$9.33 and a 12-month high of C$11.88.

Tricon Capital Group Company Profile

Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.

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Earnings History and Estimates for Tricon Capital Group (TSE:TCN)

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