Brokers Issue Forecasts for StorageVault Canada Inc.’s FY2024 Earnings (TSE:SVI)

StorageVault Canada Inc. (TSE:SVI) – Analysts at Desjardins dropped their FY2024 earnings per share (EPS) estimates for StorageVault Canada in a research note issued to investors on Wednesday, July 31st. Desjardins analyst L. Kalmar now expects that the company will post earnings of $0.21 per share for the year, down from their previous forecast of $0.22. Desjardins also issued estimates for StorageVault Canada’s FY2025 earnings at $0.24 EPS and FY2026 earnings at $0.27 EPS.

Separately, National Bank Financial raised shares of StorageVault Canada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 17th.

StorageVault Canada Trading Down 1.7 %

TSE SVI opened at C$4.61 on Friday. The company has a market cap of C$1.73 billion, a P/E ratio of -230.50 and a beta of 0.88. The company has a fifty day simple moving average of C$4.68 and a 200 day simple moving average of C$4.97. StorageVault Canada has a 12-month low of C$3.83 and a 12-month high of C$5.50.

StorageVault Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.29 per share. This is a positive change from StorageVault Canada’s previous quarterly dividend of $0.00. This represents a $1.16 dividend on an annualized basis and a yield of 25.16%. The ex-dividend date was Friday, June 28th. StorageVault Canada’s payout ratio is currently -50.00%.

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.