Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
MEG Energy Corp. (MEG-T) reported fourth-quarter revenue of $992-million, up from $520-million a year earlier. Net income was $26-million or 9 cents per share versus a loss of $199-million or 67 cents a year earlier. Adjusted funds flows came in at 51 cents per share versus a loss of 13 cents a year earlier.
Analysts were expecting revenue of $818.3-million and earnings of 7 cents per share.
Sleep Country Canada Inc. (ZZZ-T) reported fourth-quarter revenue came in at $186.5-million, up from $160.1-million in the fourth quarter of 2018. Same-store sales increased by 1.9 per cent (excluding Endy).
Net income of $14-million or 38 cents per share compared to $13.3-million or 36 cents a year earlier. Adjusted EPS came in at 42 cents versus 40 cents a year earlier.
Analysts were expecting adjusted earnings of 39 cents per share and revenue of $183.6-million.
Fourth-quarter net income was $6.1-million or 5 cents per share compared to a loss of $4.2-million or 4 cents a year ago. Analysts were expecting earnings for 3 cents and revenue of $32-million.
Funds from operations were $30.7-million or 26 cents, up from $18.5-million or 16 cents a year earlier.
Net income increased 23 per cent to US$2.8 million or 20 US cents per share, compared to US$2.2 million or 16 US cents per share a year earlier. Adjusted EBITDA increased 43 per cent to US$7.2 million.
Analysts were expecting revenue of US$108.1-million and EPS of 23 US cents per share.
Crescent Point Energy Corp. (CPG-T) reported a fourth-quarter loss of $932.1-million or $1.73 per share versus a loss of $2.390.5-billion or $4.35 a year earlier. Adjusted net earnings were $49.9-million or 9 cents per share versus an adjusted loss of $16.3-million or 3 cents a year earlier. Analysts were expecting adjusted earnings of 12 cents for the most recent quarter.
Adjusted funds flow from operations was $418.4-million or 78 cents per share versus $337.3-milion or 61 cents per share a year earlier.
Its net loss was US$10.3-million or 4 cents per share versus a loss of US$11.5-million or 6 cents a year earlier. Analysts were expecting a loss of 5 cents.
NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN-T) reported revenue from investment properties of $91.6-million up from $89.1-million a year earlier.
Net income was $25.9-million versus $103.6-million a year earlier. Funds from operations were $30.4-million or 19 cents per unit versus $26.5-million or 21 cents a year earlier. Analysts were expecting FFO per unit of 20 cents.
Clearwater Seafoods Inc. (CLR-T) announced that it has initiated a formal strategic process “to identify, review and evaluate a broad range of potential strategic alternatives available to it with a view to continuing to enhance shareholder value.” The review may include a sale of all or a “material portion” of its assets, or other alternatives such as a merger or joint venture, the company stated.
It said the review is "timely, prudent and in the best interests of the company and its stakeholders ... in light of the company having recently received several expressions of interest."
The company said it has formed a special committee of independent directors "to solicit, consider and evaluate various strategic alternat