Highwood Asset Management Ltd. (CVE:HAM) to Post Q3 2024 Earnings of $0.54 Per Share, Atb Cap Markets Forecasts

Highwood Asset Management Ltd. (CVE:HAM) – Analysts at Atb Cap Markets reduced their Q3 2024 earnings estimates for shares of Highwood Asset Management in a research report issued to clients and investors on Tuesday, September 24th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for Highwood Asset Management’s current full-year earnings is $1.86 per share. Atb Cap Markets also issued estimates for Highwood Asset Management’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.81 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.40 EPS and FY2026 earnings at $1.99 EPS.

Separately, Ventum Cap Mkts raised Highwood Asset Management to a “strong-buy” rating in a research report on Thursday, July 4th.

Highwood Asset Management Stock Performance

CVE HAM opened at C$5.85 on Friday. The firm has a market cap of C$86.81 million, a P/E ratio of 1.08 and a beta of -0.89. The firm has a 50-day moving average price of C$5.74. Highwood Asset Management has a 1-year low of C$4.00 and a 1-year high of C$7.59.

Highwood Asset Management (CVE:HAM) last released its earnings results on Wednesday, August 14th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.67 by C$0.02. The company had revenue of C$32.74 million during the quarter, compared to the consensus estimate of C$37.30 million. Highwood Asset Management had a return on equity of 91.31% and a net margin of 63.50%.

About Highwood Asset Management

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.