TSE:FAR FY2026 EPS Forecast Decreased by Clarus Securities

Key Points

• Clarus Securities cut its FY2026 EPS estimate for Foraco from $0.36 to $0.34 (analyst S. Kammermayer), compared with a consensus full‑year estimate of $0.60 per share.
• Foraco reported C$0.01 EPS and C$92.11 million in revenue for the quarter, with a return on equity of 16.77% and a net margin of 6.02%.
• Director William Warren Holmes bought 17,000 shares at C$2.84 and now holds 450,001 shares, and company insiders collectively own 35.74% of the stock.

Foraco International SA (TSE:FAR - Free Report) - Analysts at Clarus Securities decreased their FY2026 earnings per share estimates for Foraco International in a research report issued on Friday, May 1st. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of $0.34 for the year, down from their prior forecast of $0.36. The consensus estimate for Foraco International's current full-year earnings is $0.60 per share.

Foraco International (TSE:FAR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$92.11 million during the quarter. Foraco International had a return on equity of 16.77% and a net margin of 6.02%.

Separately, Desjardins increased their price target on Foraco International from C$3.00 to C$4.50 and gave the company a "buy" rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Foraco International presently has a consensus rating of "Buy" and an average price target of C$4.50.

Foraco International Stock Performance

Shares of FAR opened at C$2.90 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 99.57. The company has a market capitalization of C$284.31 million, a price-to-earnings ratio of 19.71 and a beta of 1.09. The stock has a 50 day moving average of C$2.90 and a 200 day moving average of C$2.61. Foraco International has a 12 month low of C$1.57 and a 12 month high of C$3.54.

Insiders Place Their Bets

In other news, Director William Warren Holmes acquired 17,000 shares of Foraco International stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of C$2.84 per share, with a total value of C$48,280.00. Following the completion of the acquisition, the director owned 450,001 shares in the company, valued at approximately C$1,278,002.84. This trade represents a 3.93% increase in their ownership of the stock. Company insiders own 35.74% of the company's stock.

Foraco International Company Profile

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.

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