FY2017 EPS Estimates for Tree Island Steel Ltd. (TSL) Cut by Analyst

Tree Island Steel Ltd. (TSE:TSL) – Analysts at Cormark reduced their FY2017 earnings per share estimates for Tree Island Steel in a report released on Friday, Zacks Investment Research reports. Cormark analyst G. Fairweather now expects that the company will post earnings per share of $0.36 for the year, down from their previous estimate of $0.37.

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TSL has been the topic of a number of other research reports. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$5.75 price objective on shares of Tree Island Steel in a research note on Monday, February 27th. Canaccord Genuity lowered their price objective on shares of Tree Island Steel from C$6.00 to C$5.25 and set a “buy” rating on the stock in a research note on Monday, February 27th. Finally, Paradigm Capital reduced their target price on shares of Tree Island Steel from C$5.75 to C$5.50 in a report on Monday, February 27th.

Shares of Tree Island Steel (TSE:TSL) traded up 2.09% during trading on Monday, reaching $4.39. The company had a trading volume of 1,500 shares. The stock has a market capitalization of $134.96 million and a price-to-earnings ratio of 13.51. The stock has a 50 day moving average of $4.41 and a 200 day moving average of $4.55. Tree Island Steel has a 52-week low of $3.14 and a 52-week high of $6.55.

Tree Island Steel Company Profile

Tree Island Steel Ltd. is a Canada-based manufacturer and supplier of wire products for a range of applications. The Company is engaged in making products from steel wire for a range of customers for industrial, construction, agricultural and specialty applications. The Company’s products include galvanized wire, bright wire, an array of fasteners, including packaged, collated and bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products.

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