Cormark Research Analysts Lift Earnings Estimates for RediShred Capital Corp. (CVE:KUT)

RediShred Capital Corp. (CVE:KUT) – Stock analysts at Cormark raised their Q4 2024 earnings per share estimates for shares of RediShred Capital in a research note issued to investors on Wednesday, May 1st. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $0.02 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for RediShred Capital’s current full-year earnings is $0.08 per share.

RediShred Capital (CVE:KUT) last announced its quarterly earnings results on Monday, April 29th. The company reported C($0.07) earnings per share (EPS) for the quarter. RediShred Capital had a negative net margin of 0.41% and a negative return on equity of 0.55%. The business had revenue of C$16.82 million for the quarter.

RediShred Capital Stock Up 4.8 %

KUT stock opened at C$2.85 on Friday. RediShred Capital has a fifty-two week low of C$2.32 and a fifty-two week high of C$4.33. The business’s 50 day moving average price is C$2.78 and its two-hundred day moving average price is C$2.86. The company has a debt-to-equity ratio of 77.38, a quick ratio of 1.33 and a current ratio of 0.81. The company has a market capitalization of C$52.16 million, a price-to-earnings ratio of -272.00 and a beta of 1.31.

About RediShred Capital

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates fifteen corporate shredding locations.