StorageVault Canada Inc. (TSE:SVI - Free Report) - Equities researchers at Cormark dropped their Q4 2024 earnings estimates for StorageVault Canada in a research report issued to clients and investors on Monday, October 28th. Cormark analyst S. Srinivas now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.06. Cormark also issued estimates for StorageVault Canada's Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.22 EPS, Q1 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.06 EPS, Q3 2026 earnings at $0.08 EPS and FY2026 earnings at $0.26 EPS.
Several other research firms have also recently weighed in on SVI. National Bank Financial raised StorageVault Canada from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 17th. Desjardins cut StorageVault Canada from a "moderate buy" rating to a "hold" rating in a research note on Thursday, October 24th.
Check Out Our Latest Research Report on StorageVault Canada
StorageVault Canada Trading Up 0.2 %
TSE:SVI traded up C$0.01 on Tuesday, hitting C$4.16. 370,297 shares of the company's stock traded hands, compared to its average volume of 268,728. StorageVault Canada has a 1 year low of C$4.11 and a 1 year high of C$5.50. The firm has a 50-day moving average price of C$4.82 and a 200-day moving average price of C$4.74. The company has a market cap of C$1.55 billion, a PE ratio of -52.00 and a beta of 0.89.
StorageVault Canada (TSE:SVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.08). The company had revenue of C$78.96 million for the quarter. StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%.
StorageVault Canada Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.292 per share. This represents a $1.17 annualized dividend and a yield of 28.08%. The ex-dividend date was Friday, September 27th. This is an increase from StorageVault Canada's previous quarterly dividend of $0.29. StorageVault Canada's dividend payout ratio (DPR) is -12.50%.
StorageVault Canada Company Profile
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StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.
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