What is Cormark’s Forecast for TSE:BRE FY2024 Earnings?

Bridgemarq Real Estate Services Inc. (TSE:BRE) – Research analysts at Cormark reduced their FY2024 earnings per share estimates for Bridgemarq Real Estate Services in a report issued on Monday, November 18th. Cormark analyst J. Fenwick now expects that the company will earn ($1.31) per share for the year, down from their prior forecast of ($0.14). Cormark also issued estimates for Bridgemarq Real Estate Services’ FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.76 EPS.

Bridgemarq Real Estate Services Trading Down 0.5 %

Shares of Bridgemarq Real Estate Services stock opened at C$15.05 on Wednesday. The company has a fifty day simple moving average of C$14.58 and a 200-day simple moving average of C$13.58. Bridgemarq Real Estate Services has a 12-month low of C$11.50 and a 12-month high of C$15.79. The stock has a market cap of C$142.67 million, a price-to-earnings ratio of 13.20 and a beta of 1.28.

Bridgemarq Real Estate Services Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.97%. This is a boost from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s payout ratio is 118.42%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.