FY2024 EPS Estimates for Capreit (TSE:CAR) Increased by Analyst

Capreit (TSE:CAR) – Equities researchers at Raymond James increased their FY2024 earnings per share (EPS) estimates for Capreit in a research report issued on Thursday, September 5th. Raymond James analyst B. Sturges now expects that the company will post earnings per share of $2.55 for the year, up from their prior forecast of $2.53.

Capreit (TSE:CAR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.64 by C$0.02. The firm had revenue of C$278.13 million for the quarter.

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

Capreit Stock Performance

Capreit has a fifty-two week low of C$20.71 and a fifty-two week high of C$50.88.

Capreit Increases Dividend

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

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.