Carmanah Technologies Corp (CMH) Expected to Earn Q2 2019 Earnings of $0.03 Per Share

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Carmanah Technologies Corp (TSE:CMH) – Cormark issued their Q2 2019 EPS estimates for shares of Carmanah Technologies in a note issued to investors on Monday, May 13th. Cormark analyst M. D. Whale expects that the company will post earnings of $0.03 per share for the quarter. Cormark also issued estimates for Carmanah Technologies’ Q3 2019 earnings at $0.03 EPS.

Carmanah Technologies (TSE:CMH) last released its earnings results on Wednesday, March 27th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.03). The company had revenue of C$10.69 million for the quarter, compared to the consensus estimate of C$19.21 million.

Separately, Canaccord Genuity lowered shares of Carmanah Technologies from a “buy” rating to a “hold” rating and set a C$7.50 target price for the company. in a report on Monday, April 1st.

Carmanah Technologies stock opened at C$7.05 on Thursday. The company has a market capitalization of $134.84 million and a P/E ratio of 3.13. Carmanah Technologies has a 12-month low of C$3.39 and a 12-month high of C$7.25. The company has a quick ratio of 11.85, a current ratio of 12.25 and a debt-to-equity ratio of 0.64.

About Carmanah Technologies

Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light LED solutions for infrastructure worldwide. It operates in Signals and Illumination segments. The Signals segment provides solar LED flashing beacons, including pedestrian crosswalk signals, school zone flashers, and 24-hr roadway beacons for various roadway applications; a range of marine lighting solutions to coast guards, marine authorities, navies, and ports; and LED aviation lighting solutions, such as approach lightings, apron lightings, and solar and hybrid power systems.

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Earnings History and Estimates for Carmanah Technologies (TSE:CMH)

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