What is Cormark’s Forecast for Capreit FY2024 Earnings?

Capreit (TSE:CAR) – Equities research analysts at Cormark cut their FY2024 earnings estimates for Capreit in a note issued to investors on Monday, November 18th. Cormark analyst S. Srinivas now anticipates that the company will post earnings per share of $2.52 for the year, down from their previous forecast of $2.59. Cormark also issued estimates for Capreit’s Q4 2024 earnings at $0.61 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.63 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.67 EPS and Q3 2026 earnings at $0.66 EPS.

Capreit Stock Performance

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

Capreit Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, October 31st.

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.