Q2 2022 EPS Estimates for Minto Apartment (TSE:MI) Reduced by Desjardins

Minto Apartment (TSE:MI – Get Rating) – Investment analysts at Desjardins dropped their Q2 2022 earnings per share estimates for shares of Minto Apartment in a research note issued to investors on Wednesday, May 4th. Desjardins analyst M. Markidis now forecasts that the company will post earnings of $0.22 per share for the quarter, down from their previous forecast of $0.24. Desjardins also issued estimates for Minto Apartment’s Q4 2022 earnings at $0.22 EPS, FY2022 earnings at $0.87 EPS and FY2023 earnings at $0.94 EPS.

Separately, National Bank Financial upgraded Minto Apartment from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Sunday, January 16th.

Minto Apartment (TSE:MI – Get Rating) last released its quarterly earnings results on Tuesday, March 8th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.22. The firm had revenue of C$32.43 million during the quarter.

The business also recently announced a monthly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.48 annualized dividend and a yield of ∞.

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