FY2024 Earnings Estimate for TSE:SVI Issued By Raymond James

StorageVault Canada Inc. (TSE:SVI) – Equities researchers at Raymond James decreased their FY2024 earnings per share (EPS) estimates for StorageVault Canada in a research note issued to investors on Monday, January 13th. Raymond James analyst B. Sturges now anticipates that the company will post earnings of $0.21 per share for the year, down from their previous forecast of $0.22. Raymond James also issued estimates for StorageVault Canada’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.04 EPS, Q3 2026 earnings at $0.09 EPS and FY2026 earnings at $0.29 EPS.

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

SVI has been the topic of a number of other research reports. National Bankshares boosted their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Cibc World Mkts raised StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Scotiabank reduced their target price on shares of StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. Desjardins downgraded shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, CIBC set a C$5.00 target price on StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, StorageVault Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$5.65.

StorageVault Canada Stock Performance

TSE:SVI opened at C$3.98 on Wednesday. The stock has a market capitalization of C$1.48 billion, a P/E ratio of -49.75 and a beta of 0.89. The company has a 50 day moving average price of C$4.00 and a 200 day moving average price of C$4.47. StorageVault Canada has a fifty-two week low of C$3.82 and a fifty-two week high of C$5.48.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. acquired 23,000 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of C$4.11 per share, for a total transaction of C$94,500.10. In the last quarter, insiders have purchased 56,100 shares of company stock valued at $224,858. Corporate insiders own 38.49% of the company’s stock.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.