Hammond Power Solutions (HPS) Scheduled to Post Quarterly Earnings on Tuesday

Hammond Power Solutions (TSE:HPS) will be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect Hammond Power Solutions to post earnings of C$1.24 per share for the quarter.

Hammond Power Solutions (TSE:HPS) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$1.98 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.30 by C($0.32). The company had revenue of C$197.21 million for the quarter, compared to analysts’ expectations of C$191.40 million.

Hammond Power Solutions Stock Performance

Hammond Power Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were given a dividend of $0.275 per share. The ex-dividend date was Friday, September 20th. This represents a $1.10 dividend on an annualized basis and a yield of ∞.

Analyst Upgrades and Downgrades

Separately, Acumen Capital raised shares of Hammond Power Solutions to a “strong-buy” rating in a research report on Tuesday, September 24th.

About Hammond Power Solutions

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.