Cormark Comments on RediShred Capital Corp.’s Q1 2024 Earnings (CVE:KUT)

RediShred Capital Corp. (CVE:KUT) – Analysts at Cormark upped their Q1 2024 earnings estimates for RediShred Capital in a report released on Wednesday, May 1st. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their previous forecast of $0.03. The consensus estimate for RediShred Capital’s current full-year earnings is $0.08 per share. Cormark also issued estimates for RediShred Capital’s Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.06 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.29 EPS.

RediShred Capital (CVE:KUT) last posted its earnings results on Monday, April 29th. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$16.82 million for the quarter. RediShred Capital had a negative return on equity of 0.55% and a negative net margin of 0.41%.

RediShred Capital Price Performance

Shares of KUT stock opened at C$2.79 on Thursday. The business’s fifty day moving average is C$2.79 and its 200 day moving average is C$2.86. The company has a quick ratio of 1.33, a current ratio of 0.81 and a debt-to-equity ratio of 77.38. The stock has a market cap of C$51.06 million, a price-to-earnings ratio of -279.00 and a beta of 1.31. RediShred Capital has a twelve month low of C$2.32 and a twelve month high of C$4.33.

RediShred Capital Company Profile

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates fifteen corporate shredding locations.