Brokers Issue Forecasts for 5N Plus Inc.'s FY2024 Earnings (TSE:VNP)

5N Plus Inc. (TSE:VNP - Free Report) - Equities research analysts at National Bank Financial cut their FY2024 earnings per share estimates for shares of 5N Plus in a research report issued to clients and investors on Monday, May 6th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.23 per share for the year, down from their previous forecast of $0.27. The consensus estimate for 5N Plus' current full-year earnings is $0.28 per share. National Bank Financial also issued estimates for 5N Plus' Q4 2024 earnings at $0.07 EPS.

5N Plus (TSE:VNP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The business had revenue of C$88.59 million during the quarter, compared to analysts' expectations of C$84.15 million. 5N Plus had a net margin of 6.35% and a return on equity of 12.76%.

Several other research firms have also recently commented on VNP. Cormark boosted their target price on 5N Plus from C$5.75 to C$6.50 in a research note on Wednesday. Raymond James boosted their price objective on 5N Plus from C$6.00 to C$7.00 in a research report on Wednesday. Finally, National Bankshares raised their target price on shares of 5N Plus from C$0.60 to C$0.65 and gave the company an "outperform" rating in a report on Tuesday.

5N Plus Stock Down 1.4 %

Shares of 5N Plus stock traded down C$0.07 during trading hours on Wednesday, reaching C$5.08. 161,367 shares of the company were exchanged, compared to its average volume of 104,432. The firm has a market cap of C$451.05 million, a PE ratio of 21.74, a PEG ratio of 6,283.33 and a beta of 1.64. The company has a debt-to-equity ratio of 107.81, a quick ratio of 1.51 and a current ratio of 2.22. 5N Plus has a 1 year low of C$2.86 and a 1 year high of C$5.25. The stock's fifty day moving average is C$4.71 and its 200 day moving average is C$4.01.

Insider Activity at 5N Plus

In other 5N Plus news, Director Jean-Marie Bourassa bought 60,100 shares of the business's stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of C$4.52 per share, with a total value of C$271,561.85. Insiders have acquired 69,100 shares of company stock valued at $312,032 over the last quarter. 4.79% of the stock is owned by insiders.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.