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Stifel Firstegy predicts Spartan Delta Corp. (TSE:SDE) will earn $0.76 per share in the fourth quarter of 2022.

Stifel Firstegy predicts Spartan Delta Corp. (TSE:SDE) will earn $0.76 per share in the fourth quarter of 2022.

SDE) – Spartan Delta Corporation The investment analysts at Stifel Firstegy raised their predictions for Spartan Delta’s earnings per share for the fourth quarter of 2022 in a research report distributed to clients and investors on Thursday, January 5. In the fourth quarter, C. Kwong, an analyst at Stifel Firstegy, anticipates that the company will earn $0.76 per share, an increase from the previous forecast of $0.75 per share. The average projection for Spartan Delta’s annual earnings is $2.86 per share. These projections are based on historical data.
The most recent quarterly results report for Spartan Delta, traded on the Toronto Stock Exchange under the symbol “TSE: SDE,” was made available to the general public on November 8. The company announced earnings of C$1.64 per share for the quarter, which was C$1.03 more than the consensus estimate of C$0.61 per share among analysts in the industry. During the period in question, the company reported a total revenue of CAD 317,01,000,000 in earnings.
SDE began trading on Monday at C$14.18. The stock price has had a simple moving average of over the past 200 days, $12.90; over the last 50 days, that price has a simple moving average of $14.38. A debt-to-equity ratio comes in at 13.46; a quick ratio comes in at 0.66; a current ratio comes in at 0.97; and a quick ratio comes in at 0.66. During the past year, the price of a unit of Spartan Delta has fluctuated between $6.46 and $16.04, hitting a low of $6.46 and a high of $16.04. The company has a price-to-earnings ratio of 3.66, and its market value is in the vicinity of 2.21 billion Canadian dollars.
Recently, numerous other analysts have brought up SDE in conversation, which is not surprising given its recent prominence. On Thursday, October 13, Scotiabank released a research report stating that the company had increased its target price for Spartan Delta from C$22.00 to C$23.00. This information was included in the report. The target price that BMO Capital Markets has set for Spartan Delta has increased from C$19.00 to C$21.00, as stated in a research note published on Thursday, December 1. ATB Capital increased its target price for Spartan Delta from C$16.50 to C$17.50 in a research report published on November 9. In a research note published on November 9, Raymond James increased their price target on Spartan Delta to C$17.00 from the previous C$16.00 level. Despite this change, Raymond James has continued recommending that investors “outperform” the stock. The price objective that Stifel Nicolaus has set for Spartan Delta has increased from C$17.50 to C$21.00, as stated in a research report released on November 9. The agenda was complete, and this was the final and most important item. Six experts in the field have each analyzed the stock, and all have recommended purchasing it. As reported by Bloomberg, the current recommendation for Spartan Delta is “buy,” and the price objective has been established at C$20.56.
On Tuesday, October 18, Tamara Macdonald, the director of Spartan Delta, sold 25,000 shares of the company’s stock; other news relating to Spartan Delta includes this. The stock was sold for a total of C$276,945.00, corresponding to an average price of C$11.08 per share. This resulted in the accumulation of cash. After the completion of the trade, the director acquired 475,000 shares of the company. These shares have a value of approximately 5,261,955 Canadian dollars, so the director’s total investment is approximately 5,261,955 Canadian dollars. On Friday, October 14, Senior Officer Craig Christopher Martin sold a total of 50,533 shares of company stock. This is another development that is relevant to this topic. The stock was sold for an average price of 11.82 Canadian dollars per share, which resulted in a total revenue of 597.300.06 Canadian dollars. An employee with insider status in the company currently owns 595,396 shares of the company’s stock, which have a market value of $7,037,580.72 Canadian dollars. On October 18, director Tamara Macdonald made a transaction that sold 25,000 shares of the company’s stock. Macdonald was an active participant in the sale as well. The stock was sold for a total of C$276,945.00, corresponding to an average price of C$11.08 per share. This resulted in the accumulation of cash. After the completion of the sale, the director now owns 475,000 shares of the company, which have a total value of approximately $5,261,955 in the current market.
In addition, the company disclosed that it will not disburse dividends on January 16 and will do so in the number of zero dollars. On Friday, December 16, shareholders of record on Thursday, December 15, will be eligible to receive a $0.50 dividend payment. The date to pay the dividend must be met on December 14, which falls on a Wednesday.

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