Cormark Comments on StorageVault Canada Inc.’s Q3 2024 Earnings (TSE:SVI)

StorageVault Canada Inc. (TSE:SVI) – Cormark boosted their Q3 2024 earnings per share estimates for StorageVault Canada in a report released on Friday, April 26th. Cormark analyst S. Srinivas now forecasts that the company will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.08. Cormark also issued estimates for StorageVault Canada’s Q4 2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.36 EPS.

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

StorageVault Canada Trading Down 0.6 %

Shares of SVI stock opened at C$4.73 on Monday. The stock has a market cap of C$1.77 billion, a price-to-earnings ratio of -473.00 and a beta of 0.88. The stock has a 50-day moving average of C$5.15 and a 200-day moving average of C$5.02. StorageVault Canada has a 1-year low of C$3.83 and a 1-year high of C$6.19.

StorageVault Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid 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 yield of 0.25%. StorageVault Canada’s dividend payout ratio is currently -100.00%.

StorageVault Canada Company Profile

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.