Desjardins Issues Negative Estimate for Capreit Earnings

Capreit (TSE:CAR) – Investment analysts at Desjardins reduced their Q4 2024 earnings estimates for Capreit in a research report issued to clients and investors on Monday, November 11th. Desjardins analyst K. Stanley now expects that the company will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.65. Desjardins also issued estimates for Capreit’s FY2025 earnings at $2.57 EPS and FY2026 earnings at $2.74 EPS.

Capreit Price Performance

Capreit has a 52-week low of C$20.71 and a 52-week high of C$50.88.

Capreit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.125 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.50 dividend on an annualized basis 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.