What is Raymond James’ Forecast for TSE:SVI FY2024 Earnings?

StorageVault Canada Inc. (TSE:SVIFree Report) – Analysts at Raymond James dropped their FY2024 earnings per share (EPS) estimates for shares of StorageVault Canada in a research note issued to investors on Monday, January 13th. Raymond James analyst B. Sturges now anticipates that the company will post earnings of $0.21 per share for the year, down from their prior forecast of $0.22. Raymond James also issued estimates for StorageVault Canada’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.04 EPS, Q3 2026 earnings at $0.09 EPS and FY2026 earnings at $0.29 EPS.

StorageVault Canada (TSE:SVIGet Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The company had revenue of C$78.96 million for the quarter.

SVI has been the subject of a number of other research reports. CIBC set a C$5.00 price objective on StorageVault Canada and gave the company a “negative” rating in a research report on Tuesday, December 17th. National Bankshares boosted their price target on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Scotiabank reduced their price target on StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, StorageVault Canada presently has an average rating of “Moderate Buy” and a consensus target price of C$5.65.

Read Our Latest Research Report on SVI

StorageVault Canada Price Performance

TSE:SVI opened at C$3.93 on Wednesday. StorageVault Canada has a 12-month low of C$3.82 and a 12-month high of C$5.48. The firm has a market capitalization of C$1.47 billion, a P/E ratio of -49.13 and a beta of 0.89. The business has a 50 day simple moving average of C$4.00 and a 200 day simple moving average of C$4.47.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of C$3.92 per share, with a total value of C$97,930.00. In the last 90 days, insiders have bought 56,100 shares of company stock valued at $224,858. Corporate insiders own 38.49% of the company’s stock.

About StorageVault Canada

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StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.

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Earnings History and Estimates for StorageVault Canada (TSE:SVI)

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