A look at the worst-performing consumer staples stock on the TSX this year
On today’s TSX Breakouts report, there are just seven stocks on the positive breakouts list , and 70 stocks are on the negative breakouts list .Jamieson Wellness Inc.). Year-to-date, Jamieson’s share price is down 14 per cent, making it the worst performing stock in the S&P/TSX consumer staples index. The stock is now in deeply oversold territory with a relative strength index reading of 23. Generally, an RSI reading at or below 30 reflects an oversold condition.
A brief outline on Jamieson Wellness is provided below that may serve as a springboard for further fundamental research when conducting your own due diligence.Toronto-based Jamieson Wellness manufactures and distributes natural health products worldwide including vitamins and minerals, supplements, digestive health products, sleep aids, and herbal extracts.
Management is committed to returning capital to its shareholders. Since the stock was publicly-listed in mid-2017, the company has announced dividend hikes in August of 2018 , August of 2019 , February of 2020 , August of 2020 , August of 2021 and August of 2022 .Quarterly earnings results and outlook
On the earnings call, chief financial officer Chris Snowdon highlighted management’s 2023 outlook with forecasts that were below the Street’s expectations, “We are introducing our outlook for fiscal 2023 and anticipate the following: net revenue in the range of $670 million to $700 million, reflecting annual growth of 22 per cent to 28 per cent.
CIBC Capital Markets’ John Zamparo downgraded the stock to a “neutral” recommendation from an “outperformer” and cut his target price to $37 from $41.National Bank’s Endri Lenoto $44 from $46.25.Financial forecasts The stock is trading at a price-to-earnings multiple of 17.9 times the 2023 consensus estimate, below its five-year historical average multiple of 26 times and approaching its lowest valuation seen over the past five years .
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Winnipeg elementary school teacher among Manitobans up for awards at this year's Junos | CBC NewsAs an elementary school music teacher, Winnipegger Jewel Casselman typically spends her Mondays playing the xylophone, singing and dancing with her young students. But this Monday, she'll be in Edmonton as one the Manitobans nominated this year for a Juno Award.
اقرأ أكثر »
Top 5 March Break destinations for Canadians may surprise youEvery wonder where everyone is going on March Break? Surprisingly, it’s not all sunny destinations.
اقرأ أكثر »
Entrepreneurial program for youngsters is back in time for spring breakCulminates with a market day on April 15 at Victoria Bay Centre from 10 a.m. to 4 p.m.
اقرأ أكثر »
Entrepreneurial program for youngsters is back in time for spring breakCulminates with a market day on April 15 at Victoria Bay Centre from 10 a.m. to 4 p.m.
اقرأ أكثر »
March Break munchies: Fast, kid-friendly recipesSchool\u0027s out! March break is taking place across the nation, a much\u002Dneeded time to rest up and relax.
اقرأ أكثر »
Top 5 March Break destinations for Canadians may surprise youEvery wonder where everyone is going on March Break? Surprisingly, it’s not all sunny destinations.
اقرأ أكثر »