TSE:FAR Stock Gets Lower EPS Estimate from Clarus Securities

Key Points

• Clarus Securities lowered its Q2 2027 EPS forecast for Foraco International to C$0.13 from C$0.14. The firm projects FY2027 EPS of C$0.41, while the current full-year consensus estimate is C$0.60.
• Foraco shares opened at C$2.29 and were reported up 3.2%, despite trading below their 50-day and 200-day moving averages. The company has a C$224.08 million market capitalization and a 1-year trading range of C$1.90 to C$3.54.
• Director Daniel Louis Simoncini sold 2 million shares for approximately C$6.04 million, reducing his position by 18.92%. Insiders continue to own a substantial 35.74% of the company.

Foraco International SA (TSE:FAR - Free Report) - Clarus Securities cut their Q2 2027 earnings per share estimates for shares of Foraco International in a report issued on Friday, October 30th. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.14. The consensus estimate for Foraco International's current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International's FY2027 earnings at $0.41 EPS.

Foraco International Trading Up 3.2%

Shares of FAR stock opened at C$2.29 on Tuesday. The business's fifty day moving average price is C$2.64 and its 200 day moving average price is C$2.79. The firm has a market capitalization of C$224.08 million, a PE ratio of 18.62 and a beta of 1.56. The company has a debt-to-equity ratio of 99.68, a current ratio of 1.21 and a quick ratio of 0.88. Foraco International has a 1-year low of C$1.90 and a 1-year high of C$3.54.

Insider Activity at Foraco International

In other Foraco International news, Director Daniel Louis Simoncini sold 2,000,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$3.02, for a total transaction of C$6,040,000.00. Following the sale, the director directly owned 8,571,225 shares in the company, valued at approximately C$25,885,099.50. The trade was a 18.92% decrease in their position. Insiders own 35.74% of the company's stock.

Foraco International Company Profile

Foraco International SA TSX: FAR is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 16 countries across five continents.

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