Stuart Olson (SOX) Sets New 12-Month Low at $7.50

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Stuart Olson Inc (TSE:SOX) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$7.50 and last traded at C$7.50, with a volume of 22903 shares changing hands. The stock had previously closed at C$7.70.

Several research firms have recently issued reports on SOX. CIBC lifted their price objective on shares of Stuart Olson from C$8.00 to C$8.50 in a research report on Friday, March 9th. National Bank Financial lifted their price objective on shares of Stuart Olson from C$5.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, March 8th. Raymond James lifted their price objective on shares of Stuart Olson from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, AltaCorp Capital upgraded shares of Stuart Olson from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Stuart Olson presently has an average rating of “Buy” and an average target price of C$8.25.

Stuart Olson (TSE:SOX) last released its quarterly earnings data on Wednesday, May 2nd. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.02). The company had revenue of C$265.90 million for the quarter, compared to the consensus estimate of C$244.20 million. Stuart Olson had a net margin of 1.35% and a return on equity of 7.60%.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Friday, June 29th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Thursday, June 28th.

Stuart Olson Company Profile

Stuart Olson Inc provides general contracting and electrical building systems contracting to the institutional and commercial construction markets in Canada. The company's Buildings Group segment provides general contracting services, including integrated project delivery, construction management, and design-build services for schools, hospitals, and high-rise buildings; and provision of management, estimating, accounting, site management, field workers, and equipment in order to complete projects.

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