Beacon Securities Equities Analysts Cut Earnings Estimates for Aveda Transportation and Energy Svcs Inc (AVE)

Aveda Transportation and Energy Svcs Inc (CVE:AVE) – Equities research analysts at Beacon Securities cut their Q4 2017 earnings per share (EPS) estimates for Aveda Transportation and Energy Svcs in a report released on Wednesday. Beacon Securities analyst K. Wilson now forecasts that the company will earn ($0.01) per share for the quarter, down from their prior forecast of $0.01.

Aveda Transportation and Energy Svcs (CVE:AVE) last released its earnings results on Tuesday, May 16th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $40.96 million during the quarter, compared to the consensus estimate of $40.10 million. Aveda Transportation and Energy Svcs had a negative net margin of 8.33% and a negative return on equity of 43.51%. WARNING: “Beacon Securities Equities Analysts Cut Earnings Estimates for Aveda Transportation and Energy Svcs Inc (AVE)” was originally reported by BBNS and is the property of of BBNS. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/beacon-securities-equities-analysts-cut-earnings-estimates-for-aveda-transportation-and-energy-svcs-inc-ave/1510933.html.

Separately, Canaccord Genuity restated a “speculative buy” rating and issued a C$0.85 target price on shares of Aveda Transportation and Energy Svcs in a report on Wednesday, July 12th.

In other Aveda Transportation and Energy Svcs news, insider Bharat Mahajan bought 189,000 shares of Aveda Transportation and Energy Svcs stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of C$0.53 per share, for a total transaction of C$100,170.00.

About Aveda Transportation and Energy Svcs

Aveda Transportation and Energy Services Inc is a Canada-based company engaged in the transportation of products, materials, and equipment required for the exploration, development and production of petroleum resources, including rig moving, heavy haul and hot shot services, and the rental of equipment associated with oilfields operations.

Receive News & Ratings for Aveda Transportation and Energy Svcs Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Aveda Transportation and Energy Svcs Inc and related companies with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

sixteen − 3 =