The Westaim Co. (CVE:WED) Forecasted to Post FY2024 Earnings of $0.16 Per Share

The Westaim Co. (CVE:WED - Free Report) - Research analysts at Cormark increased their FY2024 EPS estimates for shares of Westaim in a research note issued on Monday, April 1st. Cormark analyst J. Fenwick now anticipates that the company will earn $0.16 per share for the year, up from their previous estimate of $0.01. The consensus estimate for Westaim's current full-year earnings is $0.01 per share.

Westaim (CVE:WED - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported C$0.35 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.16). Westaim had a net margin of 86.46% and a return on equity of 41.75%. The business had revenue of C$2.28 million during the quarter, compared to analysts' expectations of C$78.71 million.

Westaim Stock Down 0.6 %

WED stock traded down C$0.02 during midday trading on Wednesday, hitting C$3.58. The company's stock had a trading volume of 379,340 shares, compared to its average volume of 130,094. The company has a quick ratio of 27.60, a current ratio of 16.18 and a debt-to-equity ratio of 0.03. Westaim has a 52-week low of C$2.81 and a 52-week high of C$3.92. The firm has a market capitalization of C$497.94 million, a P/E ratio of 2.07 and a beta of 0.39. The firm has a 50-day simple moving average of C$3.62 and a 200-day simple moving average of C$3.68.

About Westaim

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.