Enterprise Group (TSE:E) Issues Quarterly Earnings Results

by · The Cerbat Gem

Enterprise Group (TSE:E – Get Free Report) announced its earnings results on Thursday. The company reported C$0.03 earnings per share (EPS) for the quarter, FiscalAI reports. Enterprise Group had a net margin of 7.79% and a return on equity of 3.39%. The company had revenue of C$12.00 million during the quarter.

Enterprise Group Price Performance

TSE:E traded down C$0.05 during midday trading on Friday, hitting C$1.31. The company had a trading volume of 455,263 shares, compared to its average volume of 155,862. Enterprise Group has a 52-week low of C$1.01 and a 52-week high of C$1.93. The stock’s fifty day moving average price is C$1.28 and its 200-day moving average price is C$1.30. The company has a market capitalization of C$107.28 million, a PE ratio of 32.75 and a beta of 0.73. The company has a quick ratio of 3.18, a current ratio of 3.31 and a debt-to-equity ratio of 32.34.

Analysts Set New Price Targets

E has been the subject of several research reports. Fundamental Research set a C$2.10 target price on shares of Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Raymond James Financial lowered shares of Enterprise Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$2.00 to C$1.50 in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$1.80.

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About Enterprise Group

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Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada.

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