TerraVest Industries Inc. (TVK) To Go Ex-Dividend on September 30th

TerraVest Industries Inc. (TSE:TVK) announced a quarterly dividend on Wednesday, August 14th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.15 per share on Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, September 30th.

TerraVest Industries Price Performance

Shares of TSE TVK opened at C$95.59 on Friday. TerraVest Industries has a twelve month low of C$30.45 and a twelve month high of C$101.73. The company has a current ratio of 2.32, a quick ratio of 0.91 and a debt-to-equity ratio of 71.72. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 27.71 and a beta of 0.67. The business has a 50 day simple moving average of C$89.48 and a 200-day simple moving average of C$77.08.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.21). TerraVest Industries had a net margin of 7.60% and a return on equity of 24.63%. The firm had revenue of C$238.13 million during the quarter, compared to the consensus estimate of C$223.20 million. As a group, equities research analysts expect that TerraVest Industries will post 4.4533821 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TVK shares. National Bank Financial upgraded TerraVest Industries to a “strong-buy” rating in a report on Sunday, July 14th. National Bankshares boosted their price objective on TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th. Canaccord Genuity Group set a C$91.00 price objective on TerraVest Industries and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Desjardins set a C$95.00 price objective on TerraVest Industries and gave the company a “buy” rating in a research report on Thursday, July 4th.

Insiders Place Their Bets

In other TerraVest Industries news, insider Pierre Fournier sold 500 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$75.23, for a total transaction of C$37,615.00. In other news, insider Charles Pellerin sold 1,600 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$100.26, for a total value of C$160,416.00. Also, insider Pierre Fournier sold 500 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$75.23, for a total value of C$37,615.00. In the last quarter, insiders sold 27,400 shares of company stock worth $2,728,031. 29.70% of the stock is owned by company insiders.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.