Q3 2024 Earnings Forecast for Capreit (TSE:CAR) Issued By Raymond James

Capreit (TSE:CAR) – Investment analysts at Raymond James raised their Q3 2024 earnings per share estimates for shares of Capreit in a research note issued on Thursday, September 5th. Raymond James analyst B. Sturges now expects that the company will earn $0.67 per share for the quarter, up from their prior estimate of $0.66. Raymond James also issued estimates for Capreit’s Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.74 EPS and FY2026 earnings at $2.88 EPS.

Separately, Ventum Cap Mkts upgraded Capreit to a “hold” rating in a research report on Monday, July 15th.

Capreit Stock Performance

Capreit has a 1 year low of C$20.71 and a 1 year high of C$50.88.

Capreit (TSE:CAR) last released its earnings results on Wednesday, August 7th. The company reported C$0.66 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.02. The company had revenue of C$278.13 million for the quarter.

Capreit Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.125 per share. This is an increase from Capreit’s previous monthly dividend of $0.12. This represents a $1.50 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, August 30th.

About Capreit

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.