Foraco International SA (TSE:FAR - Free Report) - Equities research analysts at Clarus Securities cut their Q2 2024 earnings estimates for Foraco International in a note issued to investors on Wednesday, May 1st. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.18. Clarus Securities has a "Buy" rating on the stock. The consensus estimate for Foraco International's current full-year earnings is $0.64 per share. Clarus Securities also issued estimates for Foraco International's Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.22 EPS and FY2025 earnings at $0.65 EPS.
Foraco International (TSE:FAR - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The company reported C$0.03 earnings per share for the quarter. Foraco International had a return on equity of 39.08% and a net margin of 7.76%. The company had revenue of C$117.89 million for the quarter.
Foraco International Price Performance
FAR remained flat at C$2.83 during trading on Friday. The company had a trading volume of 25,264 shares, compared to its average volume of 222,468. The company has a current ratio of 1.49, a quick ratio of 0.88 and a debt-to-equity ratio of 101.46. The business's 50 day moving average is C$2.95 and its 200 day moving average is C$2.43. The company has a market capitalization of C$279.12 million, a PE ratio of 7.26 and a beta of 1.30. Foraco International has a 12 month low of C$1.59 and a 12 month high of C$3.27.
Foraco International Company Profile
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Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.
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