Westshore Terminals Investment (TSE:WTE) Releases Quarterly Earnings Results

Westshore Terminals Investment (TSE:WTE) announced its quarterly earnings results on Tuesday. The company reported C$0.55 EPS for the quarter, reports. The company had revenue of C$103.50 million for the quarter. Westshore Terminals Investment had a net margin of 27.78% and a return on equity of 14.82%.

Westshore Terminals Investment Price Performance

TSE WTE traded up C$0.14 on Friday, hitting C$23.95. The stock had a trading volume of 9,651 shares, compared to its average volume of 82,556. The firm has a 50-day moving average of C$23.81 and a 200-day moving average of C$23.57. The company has a debt-to-equity ratio of 62.89, a quick ratio of 2.07 and a current ratio of 1.13. Westshore Terminals Investment has a 52-week low of C$21.93 and a 52-week high of C$29.08. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 14.17 and a beta of 0.86.

Westshore Terminals Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Tuesday, December 31st. Westshore Terminals Investment’s payout ratio is presently 89.29%.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.