FY2024 Earnings Forecast for CVE:DE Issued By Raymond James

Decisive Dividend Co. (CVE:DE) – Stock analysts at Raymond James reduced their FY2024 earnings estimates for Decisive Dividend in a research note issued to investors on Friday, November 15th. Raymond James analyst S. Hansen now expects that the company will earn $0.10 per share for the year, down from their prior estimate of $0.11. The consensus estimate for Decisive Dividend’s current full-year earnings is $0.32 per share. Raymond James also issued estimates for Decisive Dividend’s FY2025 earnings at $0.26 EPS.

Decisive Dividend (CVE:DE) last posted its earnings results on Tuesday, November 5th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The firm had revenue of C$32.24 million during the quarter, compared to analysts’ expectations of C$36.70 million. Decisive Dividend had a return on equity of 8.34% and a net margin of 3.32%.

Separately, Cormark cut Decisive Dividend from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 7th.

Decisive Dividend Trading Up 0.3 %

Shares of DE stock opened at C$6.07 on Monday. The company has a market capitalization of C$117.82 million, a PE ratio of 27.59 and a beta of 1.18. Decisive Dividend has a 52-week low of C$5.51 and a 52-week high of C$11.50. The business’s fifty day moving average is C$6.37 and its 200 day moving average is C$6.88. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95.

Insider Buying and Selling at Decisive Dividend

In other news, Senior Officer Jeffrey David Schellenberg bought 8,000 shares of Decisive Dividend stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$6.30 per share, with a total value of C$50,408.00. Insiders purchased a total of 12,750 shares of company stock worth $79,841 over the last three months. 10.13% of the stock is owned by insiders.

About Decisive Dividend

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.