Q4 EPS Estimates for StorageVault Canada Reduced by Cormark

StorageVault Canada Inc. (TSE:SVI) – Equities researchers at Cormark decreased their Q4 2024 earnings per share estimates for shares of StorageVault Canada in a report released on Monday, October 28th. Cormark analyst S. Srinivas now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.06. Cormark also issued estimates for StorageVault Canada’s Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.22 EPS, Q1 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.06 EPS, Q3 2026 earnings at $0.08 EPS and FY2026 earnings at $0.26 EPS.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The business had revenue of C$78.96 million for the quarter.

SVI has been the topic of a number of other research reports. Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. National Bank Financial raised shares of StorageVault Canada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 17th.

StorageVault Canada Stock Up 0.2 %

SVI opened at C$4.16 on Tuesday. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -52.00 and a beta of 0.89. The firm has a 50 day moving average price of C$4.82 and a 200-day moving average price of C$4.74. StorageVault Canada has a twelve month low of C$4.11 and a twelve month high of C$5.50.

StorageVault Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.292 per share. The ex-dividend date was Friday, September 27th. This is a boost from StorageVault Canada’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 28.08%. StorageVault Canada’s dividend payout ratio (DPR) is currently -12.50%.

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.