Desjardins Comments on Uni-Select Inc.’s FY2018 Earnings (UNS)
Uni-Select Inc. (TSE:UNS) – Equities research analysts at Desjardins lifted their FY2018 earnings per share (EPS) estimates for Uni-Select in a note issued to investors on Thursday. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.96 per share for the year, up from their previous forecast of $1.95. Desjardins also issued estimates for Uni-Select’s FY2019 earnings at $2.24 EPS.
A number of other research analysts have also issued reports on the stock. Scotiabank dropped their price target on shares of Uni-Select from C$37.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Gabelli reiterated a “buy” rating on shares of Uni-Select in a research note on Wednesday, November 22nd. Finally, National Bank Financial dropped their price target on shares of Uni-Select from C$40.00 to C$38.00 in a research note on Wednesday, August 30th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$36.38.
Shares of Uni-Select (TSE UNS) traded up C$0.07 during trading hours on Monday, hitting C$27.18. 75,804 shares of the stock were exchanged, compared to its average volume of 93,825. Uni-Select has a 1-year low of C$23.66 and a 1-year high of C$37.03.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.093 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.37 annualized dividend and a yield of 1.37%. Uni-Select’s payout ratio is currently 18.78%.
Uni-Select Inc is a Canada-based distributor of automotive products, and paint and related products for motor vehicles. The Company operates through three segments: Paint and Related Products (US), Automotive Products (Canada), and Corporate Office and Others. The Paint and Related Products (US) segment is engaged in the distribution of automotive refinish and industrial paint and related products representing its subsidiary, FinishMaster, Inc Automotive Products (Canada) is engaged in the distribution of automotive aftermarket parts, including refinish and industrial paint and related products, through Canadian networks.
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