FY2024 Earnings Forecast for Capreit (TSE:CAR) Issued By Cormark

Capreit (TSE:CAR) – Stock analysts at Cormark reduced their FY2024 earnings estimates for Capreit in a research report issued on Thursday, July 18th. Cormark analyst S. Srinivas now forecasts that the company will post earnings per share of $2.59 for the year, down from their previous forecast of $2.61. Cormark also issued estimates for Capreit’s Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.71 EPS and FY2025 earnings at $2.85 EPS.

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

Capreit Price Performance

Capreit has a 1-year low of C$20.71 and a 1-year high of C$50.88.

Capreit (TSE:CAR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$1.07 EPS for the quarter, topping the consensus estimate of C$0.61 by C$0.46. The company had revenue of C$275.82 million during the quarter.

Capreit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.121 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.

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.