Desjardins Comments on 5N Plus’ FY2024 Earnings (TSE:VNP)

5N Plus Inc. (TSE:VNP) – Investment analysts at Desjardins increased their FY2024 EPS estimates for 5N Plus in a research note issued to investors on Tuesday, November 5th. Desjardins analyst F. Tremblay now expects that the company will post earnings per share of $0.29 for the year, up from their previous estimate of $0.28. Desjardins currently has a “Buy” rating and a $8.50 target price on the stock. The consensus estimate for 5N Plus’ current full-year earnings is $0.37 per share. Desjardins also issued estimates for 5N Plus’ Q4 2024 earnings at $0.06 EPS.

A number of other equities research analysts have also issued reports on VNP. National Bankshares increased their price objective on shares of 5N Plus from C$8.00 to C$8.50 in a report on Tuesday. Raymond James raised their price target on shares of 5N Plus from C$7.50 to C$8.50 in a research note on Friday, September 6th.

5N Plus Stock Down 5.0 %

VNP stock opened at C$6.79 on Thursday. The company has a quick ratio of 1.51, a current ratio of 3.47 and a debt-to-equity ratio of 110.23. 5N Plus has a twelve month low of C$3.05 and a twelve month high of C$7.61. The stock has a market cap of C$603.77 million, a P/E ratio of 42.44, a PEG ratio of 6,283.33 and a beta of 1.55. The business’s 50-day moving average price is C$6.93 and its 200-day moving average price is C$6.16.

5N Plus (TSE:VNP) last issued its quarterly earnings data on Monday, August 5th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$102.04 million for the quarter, compared to analysts’ expectations of C$91.45 million. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%.

Insider Activity at 5N Plus

In other news, Senior Officer Richard Perron bought 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of C$6.95 per share, with a total value of C$521,250.00. 4.91% of the stock is currently owned by company insiders.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.