Brokers Set Expectations for StorageVault Canada Inc.’s FY2024 Earnings (TSE:SVI)

StorageVault Canada Inc. (TSE:SVI) – Research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for StorageVault Canada in a report released on Thursday, April 25th. National Bank Financial analyst M. Kornack now anticipates that the company will earn $0.23 per share for the year, down from their previous forecast of $0.25.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.08). StorageVault Canada had a negative net margin of 0.59% and a negative return on equity of 0.84%. The firm had revenue of C$74.27 million during the quarter.

StorageVault Canada Price Performance

SVI stock opened at C$4.73 on Monday. The firm has a fifty day moving average price of C$5.15 and a two-hundred day moving average price of C$5.02. StorageVault Canada has a 1-year low of C$3.83 and a 1-year high of C$6.19. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of -473.00 and a beta of 0.88.

StorageVault Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.003 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 27th. StorageVault Canada’s dividend payout ratio is presently -100.00%.

StorageVault Canada Company Profile

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.