Brokers Issue Forecasts for StorageVault Canada Inc.’s FY2024 Earnings (TSE:SVI)

StorageVault Canada Inc. (TSE:SVI) – Analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of StorageVault Canada in a research note issued to investors on Thursday, April 25th. National Bank Financial analyst M. Kornack now anticipates that the company will post earnings per share of $0.23 for the year, down from their prior forecast of $0.25.

StorageVault Canada (TSE:SVI) last issued its earnings results on Thursday, February 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.08). The firm had revenue of C$74.27 million during the quarter. StorageVault Canada had a negative return on equity of 0.84% and a negative net margin of 0.59%.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$4.76 on Monday. The company has a 50-day simple moving average of C$5.16 and a two-hundred day simple moving average of C$5.02. StorageVault Canada has a 52-week low of C$3.83 and a 52-week high of C$6.19. The stock has a market capitalization of C$1.78 billion, a PE ratio of -476.00 and a beta of 0.88.

StorageVault Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.003 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. StorageVault Canada’s payout ratio is -100.00%.

About StorageVault Canada

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.