Q2 2024 Earnings Estimate for GDI Integrated Facility Services Inc. Issued By Desjardins (TSE:GDI)

GDI Integrated Facility Services Inc. (TSE:GDI - Free Report) - Analysts at Desjardins increased their Q2 2024 earnings per share (EPS) estimates for GDI Integrated Facility Services in a research note issued on Sunday, May 12th. Desjardins analyst F. Tremblay now forecasts that the company will earn $0.27 per share for the quarter, up from their prior estimate of $0.24. Desjardins currently has a "Buy" rating and a $53.00 target price on the stock. The consensus estimate for GDI Integrated Facility Services' current full-year earnings is $1.16 per share. Desjardins also issued estimates for GDI Integrated Facility Services' Q4 2024 earnings at $0.38 EPS, FY2024 earnings at $1.08 EPS and FY2025 earnings at $1.49 EPS.

GDI Integrated Facility Services (TSE:GDI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.37 by C($0.12). The company had revenue of C$622.00 million for the quarter, compared to analysts' expectations of C$642.90 million. GDI Integrated Facility Services had a net margin of 0.78% and a return on equity of 4.25%.

Several other research analysts also recently weighed in on GDI. National Bank Financial downgraded shares of GDI Integrated Facility Services from an "outperfrom under weight" rating to a "sector perform under weight" rating in a research report on Thursday, February 29th. CIBC cut their price objective on GDI Integrated Facility Services from C$39.00 to C$38.00 and set a "neutral" rating on the stock in a report on Monday. TD Securities decreased their price target on shares of GDI Integrated Facility Services from C$45.00 to C$41.00 and set a "hold" rating for the company in a research note on Friday, March 1st. National Bankshares raised their price target on GDI Integrated Facility Services from C$40.50 to C$41.50 and gave the stock a "sector perform" rating in a report on Tuesday. Finally, Scotiabank cut their price target on GDI Integrated Facility Services from C$45.50 to C$44.00 and set a "sector perform" rating for the company in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, GDI Integrated Facility Services presently has an average rating of "Hold" and a consensus target price of C$42.92.

GDI Integrated Facility Services Stock Performance

GDI traded up C$0.31 on Wednesday, reaching C$35.76. The stock had a trading volume of 10,746 shares, compared to its average volume of 10,239. The company has a market cap of C$525.31 million, a P/E ratio of 44.87 and a beta of 0.99. The business's 50-day moving average price is C$38.15 and its two-hundred day moving average price is C$37.57. The company has a current ratio of 1.60, a quick ratio of 1.44 and a debt-to-equity ratio of 95.39. GDI Integrated Facility Services has a 12-month low of C$35.01 and a 12-month high of C$49.00.

About GDI Integrated Facility Services

GDI Integrated Facility Services Inc, together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. The company operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments. It offers cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, vacuuming, carpet cleaning, washing walls and glass, shampooing rugs, removing trash and debris, and dusting, as well as other building services, including lawn maintenance, snow removal, and others.