TerraVest Industries (TSE:TVK) Issues Quarterly Earnings Results

TerraVest Industries (TSE:TVK) released its quarterly earnings data on Thursday. The company reported C$1.40 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$921.79 million during the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%.

TerraVest Industries Price Performance

Shares of TSE:TVK traded up C$13.86 during trading on Thursday, reaching C$136.43. The stock had a trading volume of 225,873 shares, compared to its average volume of 97,540. 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 1-year low of C$95.00 and a 1-year high of C$175.20. The stock has a market cap of C$2.96 billion, a PE ratio of 41.72 and a beta of 0.86. The business has a fifty day moving average price of C$118.59 and a 200-day moving average price of C$132.70.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TVK. Canadian Imperial Bank of Commerce dropped their target price on 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. Scotiabank lowered their price target on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 19th. National Bank Financial cut their price objective on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Canaccord Genuity Group reduced their target price on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Finally, BMO Capital Markets decreased their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$159.50.

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.