Desjardins Issues Pessimistic Forecast for Capreit Earnings

Capreit (TSE:CAR) – Equities researchers at Desjardins reduced their FY2024 earnings estimates for Capreit in a research report issued on Monday, November 11th. Desjardins analyst K. Stanley now expects that the company will post earnings per share of $2.55 for the year, down from their prior estimate of $2.58.

Capreit Price Performance

Capreit has a one year low of C$20.71 and a one year high of C$50.88.

Capreit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.50 annualized dividend and a yield of ∞.

Capreit Company Profile

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.