What is Raymond James’ Forecast for 5N Plus FY2024 Earnings?

5N Plus Inc. (TSE:VNP) – Equities researchers at Raymond James boosted their FY2024 earnings per share (EPS) estimates for 5N Plus in a research note issued on Tuesday, November 5th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $0.29 per share for the year, up from their prior estimate of $0.28. The consensus estimate for 5N Plus’ current full-year earnings is $0.37 per share. Raymond James also issued estimates for 5N Plus’ Q4 2024 earnings at $0.07 EPS.

Several other equities research analysts also recently issued reports on the company. Desjardins raised their price target on 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a report on Tuesday, September 10th. National Bankshares lifted their target price on 5N Plus from C$8.00 to C$8.50 in a research report on Tuesday.

5N Plus Trading Down 5.0 %

TSE:VNP opened at C$6.79 on Thursday. The business has a 50 day moving average price of C$6.93 and a two-hundred day moving average price of C$6.16. The company has a quick ratio of 1.51, a current ratio of 3.47 and a debt-to-equity ratio of 110.23. 5N Plus has a twelve month low of C$3.05 and a twelve month high of C$7.61. The company has a market cap of C$603.77 million, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.55.

5N Plus (TSE:VNP) last issued its quarterly earnings data on Monday, August 5th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The business had revenue of C$102.04 million for the quarter, compared to the consensus estimate of C$91.45 million. 5N Plus had a return on equity of 8.56% and a net margin of 4.15%.

Insider Buying and Selling

In other news, Senior Officer Richard Perron bought 75,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of C$6.95 per share, with a total value of C$521,250.00. 4.91% of the stock is currently owned by company insiders.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.