Q3 2024 Earnings Forecast for Hammond Power Solutions Inc. (TSE:HPS) Issued By National Bank Financial

Hammond Power Solutions Inc. (TSE:HPS) – Equities researchers at National Bank Financial dropped their Q3 2024 earnings per share estimates for shares of Hammond Power Solutions in a research report issued to clients and investors on Monday, October 14th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $1.24 per share for the quarter, down from their prior estimate of $1.59. National Bank Financial also issued estimates for Hammond Power Solutions’ Q4 2024 earnings at $1.22 EPS.

Separately, Acumen Capital raised Hammond Power Solutions to a “strong-buy” rating in a report on Tuesday, September 24th.

Hammond Power Solutions Price Performance

Hammond Power Solutions (TSE:HPS) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$1.98 EPS for the quarter, missing analysts’ consensus estimates of C$2.30 by C($0.32). The business had revenue of C$197.21 million during the quarter, compared to analysts’ expectations of C$191.40 million.

Hammond Power Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, September 20th.

About Hammond Power Solutions

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.