Highwood Asset Management Ltd. (CVE:HAM) to Post Q3 2024 Earnings of $0.54 Per Share, Atb Cap Markets Forecasts

Highwood Asset Management Ltd. (CVE:HAM) – Research analysts at Atb Cap Markets reduced their Q3 2024 earnings per share estimates for Highwood Asset Management in a report issued on Tuesday, September 24th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.54 per share for the quarter, down from their prior forecast of $0.62. The consensus estimate for Highwood Asset Management’s current full-year earnings is $1.86 per share. Atb Cap Markets also issued estimates for Highwood Asset Management’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.81 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.40 EPS and FY2026 earnings at $1.99 EPS.

Highwood Asset Management (CVE:HAM) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. The firm had revenue of C$32.74 million during the quarter, compared to the consensus estimate of C$37.30 million. Highwood Asset Management had a return on equity of 91.31% and a net margin of 63.50%.

Separately, Ventum Cap Mkts upgraded Highwood Asset Management to a “strong-buy” rating in a research note on Thursday, July 4th.

Highwood Asset Management Price Performance

Shares of HAM opened at C$5.85 on Friday. Highwood Asset Management has a 52-week low of C$4.00 and a 52-week high of C$7.59. The company has a 50 day simple moving average of C$5.74. The firm has a market capitalization of C$86.81 million, a P/E ratio of 1.08 and a beta of -0.89.

Highwood Asset Management Company Profile

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.