StorageVault Canada Inc. (TSE:SVI) Expected to Post Q3 2024 Earnings of $0.06 Per Share

StorageVault Canada Inc. (TSE:SVI) – Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for StorageVault Canada in a research report issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack expects that the company will post earnings of $0.06 per share for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock.

StorageVault Canada Stock Down 1.2 %

Shares of SVI stock opened at C$4.78 on Thursday. The stock has a market cap of C$1.78 billion, a P/E ratio of -59.75 and a beta of 0.89. The company’s fifty day simple moving average is C$4.80 and its two-hundred day simple moving average is C$4.80. StorageVault Canada has a 52 week low of C$3.83 and a 52 week high of C$5.50.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The business had revenue of C$74.11 million during the quarter.

StorageVault Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.292 per share. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from StorageVault Canada’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 24.44%. StorageVault Canada’s dividend payout ratio is presently -12.50%.

About StorageVault Canada

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.