FY2024 Earnings Estimate for TSE:SVI Issued By Raymond James

StorageVault Canada Inc. (TSE:SVI - Free Report) - Equities research analysts at Raymond James cut their FY2024 EPS estimates for StorageVault Canada in a report released on Monday, January 13th. Raymond James analyst B. Sturges now anticipates that the company will earn $0.21 per share for the year, down from their prior estimate of $0.22. Raymond James also issued estimates for StorageVault Canada's Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.04 EPS, Q3 2026 earnings at $0.09 EPS and FY2026 earnings at $0.29 EPS.

StorageVault Canada (TSE:SVI - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing analysts' consensus estimates of C$0.06 by C($0.08). The firm had revenue of C$78.96 million during the quarter. StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%.

Several other brokerages have also recently issued reports on SVI. National Bankshares lifted their target price on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the stock a "negative" rating in a research note on Tuesday, December 17th. Cibc World Mkts raised shares of StorageVault Canada to a "hold" rating in a research report on Tuesday, December 17th. Scotiabank reduced their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. Finally, Desjardins lowered shares of StorageVault Canada from a "moderate buy" rating to a "hold" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$5.65.

StorageVault Canada Trading Up 0.5 %

TSE SVI traded up C$0.02 during mid-day trading on Wednesday, hitting C$3.98. The company's stock had a trading volume of 226,609 shares, compared to its average volume of 409,898. The company's 50 day simple moving average is C$4.00 and its 200 day simple moving average is C$4.47. StorageVault Canada has a twelve month low of C$3.82 and a twelve month high of C$5.48. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -49.75 and a beta of 0.89.

Insider Activity

In other news, insider StorageVault Canada Inc. bought 23,000 shares of the stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of C$4.11 per share, for a total transaction of C$94,500.10. Insiders purchased 56,100 shares of company stock valued at $224,858 in the last three months. Company insiders own 38.49% of the company's stock.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.