Scotiabank Has Strong Forecast for TSE:TVK FY2026 Earnings

TerraVest Industries Inc. (TSE:TVK) – Investment analysts at Scotiabank increased their FY2026 earnings per share estimates for TerraVest Industries in a report released on Wednesday, July 29th. Scotiabank analyst J. Goldman now expects that the company will earn $3.63 per share for the year, up from their previous estimate of $3.52. Scotiabank currently has a “Sector Outperform” rating and a $172.00 target price on the stock. The consensus estimate for TerraVest Industries’ current full-year earnings is $4.45 per share. Scotiabank also issued estimates for TerraVest Industries’ FY2027 earnings at $6.10 EPS.

A number of other brokerages also recently issued reports on TVK. National Bank Financial dropped their price target on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets lowered their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. Canaccord Genuity Group dropped their target price on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$159.50.

TerraVest Industries Stock Performance

TSE:TVK opened at C$121.14 on Thursday. The company has a market capitalization of C$2.63 billion, a PE ratio of 37.05 and a beta of 0.90. The company has a 50 day simple moving average of C$124.79 and a two-hundred day simple moving average of C$135.71. The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. TerraVest Industries has a fifty-two week low of C$95.00 and a fifty-two week high of C$175.20.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$442.56 million during the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.

TerraVest Industries Company Profile

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service. The Fuel Containment segment is engaged in the manufacturing of bulk LPG transport trailers, LPG delivery & service trucks, bulk LPG storage tanks, residential & commercial LPG tanks, dispensers, and other products.