Raymond James Issues Optimistic Outlook for Capreit Earnings

Capreit (TSE:CAR) – Research analysts at Raymond James boosted their Q3 2024 earnings estimates for shares of Capreit in a report released on Wednesday, October 23rd. Raymond James analyst B. Sturges now anticipates that the company will post earnings of $0.68 per share for the quarter, up from their prior estimate of $0.67. Raymond James also issued estimates for Capreit’s Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.58 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $2.62 EPS, Q1 2026 earnings at $0.65 EPS, Q2 2026 earnings at $0.72 EPS, Q3 2026 earnings at $0.72 EPS and FY2026 earnings at $2.80 EPS.

Separately, Ventum Cap Mkts upgraded Capreit to a “hold” rating in a research note on Monday, July 15th.

Capreit Price Performance

Capreit has a 12-month low of C$20.71 and a 12-month high of C$50.88.

Capreit (TSE:CAR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.64 by C$0.02. The company had revenue of C$278.13 million for the quarter.

Capreit Announces Dividend

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