Brokers Set Expectations for Uni Select Inc’s Q3 2018 Earnings (TSE:UNS)

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Uni Select Inc (TSE:UNS) – Equities researchers at Desjardins reduced their Q3 2018 earnings estimates for shares of Uni Select in a research report issued on Wednesday, September 19th, Zacks Investment Research reports. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.45. Desjardins currently has a “Buy” rating and a $29.00 price target on the stock. Desjardins also issued estimates for Uni Select’s Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.52 EPS and FY2019 earnings at $1.66 EPS.

A number of other brokerages have also recently commented on UNS. TD Securities reiterated a “hold” rating and set a C$24.00 target price on shares of Uni Select in a report on Friday, September 21st. Royal Bank of Canada lowered their target price on Uni Select from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Monday, August 13th. National Bank Financial lowered their target price on Uni Select from C$27.50 to C$26.50 and set an “outperform” rating on the stock in a report on Monday, August 13th. Macquarie increased their target price on Uni Select from C$24.00 to C$25.00 in a report on Wednesday, September 19th. Finally, BMO Capital Markets increased their target price on Uni Select from C$21.00 to C$23.00 in a report on Monday, August 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Uni Select presently has a consensus rating of “Buy” and a consensus price target of C$27.06.

TSE:UNS traded down C$0.43 during trading hours on Thursday, reaching C$21.50. 447,700 shares of the company traded hands, compared to its average volume of 120,493. Uni Select has a 1-year low of C$18.48 and a 1-year high of C$29.10.

Uni Select (TSE:UNS) last released its quarterly earnings results on Friday, August 10th. The company reported C$0.57 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.55 by C$0.02. The business had revenue of C$595.71 million for the quarter, compared to analysts’ expectations of C$593.54 million. Uni Select had a return on equity of 6.79% and a net margin of 2.10%.

About Uni Select

Uni-Select Inc distributes automotive refinish, and industrial paint and related products in the United States, Canada, and the United Kingdom. The company operates through FinishMaster US, Canadian Automotive Group, and The Parts Alliance UK segments. It also distributes automotive original equipment manufacturer and aftermarket parts.

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