National Bank Financial Comments on TSE:TVK FY2024 Earnings

TerraVest Industries Inc. (TSE:TVK - Free Report) - National Bank Financial lifted their FY2024 earnings per share estimates for TerraVest Industries in a note issued to investors on Monday, November 25th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $3.18 for the year, up from their prior estimate of $3.16. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for TerraVest Industries' current full-year earnings is $4.45 per share. National Bank Financial also issued estimates for TerraVest Industries' FY2025 earnings at $3.88 EPS and FY2026 earnings at $5.43 EPS.

Separately, National Bankshares lifted their price target on shares of TerraVest Industries from C$104.00 to C$128.00 in a research report on Tuesday.

TerraVest Industries Trading Up 0.8 %

TSE TVK traded up C$0.90 during trading on Thursday, reaching C$114.58. 11,098 shares of the stock traded hands, compared to its average volume of 32,364. TerraVest Industries has a fifty-two week low of C$35.02 and a fifty-two week high of C$125.72. The company has a quick ratio of 0.91, a current ratio of 2.32 and a debt-to-equity ratio of 71.72. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 33.31 and a beta of 0.66. The stock's 50-day moving average price is C$105.65 and its 200 day moving average price is C$89.48.

Insider Activity

In other news, insider Charles Pellerin sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$100.26, for a total transaction of C$160,416.00. Also, Director Dustin Haw sold 20,000 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$100.00, for a total transaction of C$2,000,000.00. Insiders have sold 113,700 shares of company stock worth $11,556,134 in the last 90 days. Corporate insiders own 29.81% of the company's stock.

About TerraVest Industries

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.