Sherritt International Co. (TSE:S) to Post Q3 2024 Earnings of $0.02 Per Share, National Bank Financial Forecasts

Sherritt International Co. (TSE:S) – Analysts at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for shares of Sherritt International in a research report issued to clients and investors on Tuesday, July 30th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.02 per share for the quarter, up from their prior forecast of ($0.06). The consensus estimate for Sherritt International’s current full-year earnings is $0.09 per share. National Bank Financial also issued estimates for Sherritt International’s Q4 2024 earnings at $0.01 EPS, FY2024 earnings at ($0.06) EPS and FY2026 earnings at $0.12 EPS.

Sherritt International Price Performance

Shares of S opened at C$0.22 on Friday. The firm has a market cap of C$85.42 million, a PE ratio of -0.74, a P/E/G ratio of 0.02 and a beta of 1.63. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 65.25. The firm has a fifty day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.29. Sherritt International has a 1-year low of C$0.21 and a 1-year high of C$0.50.

Sherritt International (TSE:S) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.11) by C$0.05. The business had revenue of C$28.80 million for the quarter. Sherritt International had a negative return on equity of 18.32% and a negative net margin of 61.19%.

Sherritt International Company Profile

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.