National Bank Financial Analysts Cut Earnings Estimates for 5N Plus Inc. (TSE: VNP)


5N Plus Inc. (TSE: VNP – Get Rating) – Equities researchers at National Bank Financial reduced their FY2023 earnings per share estimates for 5N Plus in a note issued to investors on Tuesday, August 2nd. National Bank Financial analyst R. Merer now anticipates that the company will earn $ 0.19 per share for the year, down from their previous forecast of $ 0.21. The consensus estimate for 5N Plus’ current full-year earnings is $ 0.12 per share.

Several other analysts also recently issued reports on the company. National Bankshares downgraded 5N Plus from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C $ 4.25 to C $ 2.50 in a research report on Thursday, May 5th. Cormark increased their target price on 5N Plus from C $ 2.00 to C $ 2.50 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins downgraded 5N Plus from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Raymond James reduced their target price on 5N Plus from C $ 4.00 to C $ 3.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th.

5N Plus Stock Up 5.6%

Shares of TSE: VNP opened at C $ 1.88 on Thursday. The company has a quick ratio of 1.14, a current ratio of 3.04 and a debt-to-equity ratio of 112.14. 5N Plus has a 52-week low of C $ 1.03 and a 52-week high of C $ 3.37. The stock’s fifty day simple moving average is C $ 1.50 and its 200-day simple moving average is C $ 1.86. The company has a market capitalization of C $ 166.06 million and a P / E ratio of -32.98.

5N Plus (TSE: VNP – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported C ($ 0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C $ 0.01 by C ($ 0.03). The firm had revenue of C $ 92.39 million during the quarter, compared to analyst estimates of C $ 77.01 million.

Insider Transactions at 5N Plus

In other news, Director Luc Bertrand acquired 250,000 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were bought at an average cost of C $ 1.35 per share, for a total transaction of C $ 337,500.00. Following the acquisition, the director now directly owns 2,092,300 shares in the company, valued at approximately C $ 2,824,605. In other news, Director Jean-Marie Bourassa acquired 175,000 shares of the business’s stock in a transaction dated Monday, May 30th. The shares were bought at an average cost of C $ 1.65 per share, for a total transaction of C $ 288,750.00. Following the acquisition, the director now directly owns 1,444,300 shares in the company, valued at approximately C $ 2,383,095. Also, Director Luc Bertrand bought 250,000 shares of the stock in a transaction dated Friday, May 27th. The stock was bought at an average price of C $ 1.35 per share, with a total value of C $ 337,500.00. Following the purchase, the director now owns 2,092,300 shares of the company’s stock, valued at approximately C $ 2,824,605. Insiders have bought a total of 525,000 shares of company stock worth $ 744,350 in the last three months.

5N Plus Company Profile

(Get Rating)

5N Plus Inc produces and sells semiconductors in North America, Europe, and Asia. It operates through Specialty Semiconductors and Performance Material segments. The company offers low melting point alloys, semiconductor compounds and wafers, as well as various chemicals, and metals. It is also involved in manufacture of metallic powders for micro-electronic and manufacturing applications.

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Earnings History and Estimates for 5N Plus (TSE: VNP)



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