StorageVault Canada (TSE:SVI) Announces Quarterly Earnings Results

StorageVault Canada (TSE:SVI) released its quarterly earnings data on Wednesday. The company reported C($0.04) EPS for the quarter, FiscalAI reports. StorageVault Canada had a negative return on equity of 12.09% and a negative net margin of 3.74%.The company had revenue of C$85.22 million during the quarter.

StorageVault Canada Trading Up 0.9%

StorageVault Canada stock traded up C$0.04 during mid-day trading on Wednesday, hitting C$4.48. The company had a trading volume of 272,314 shares, compared to its average volume of 352,015. StorageVault Canada has a 12-month low of C$3.55 and a 12-month high of C$5.39. The company’s fifty day moving average is C$4.63 and its 200-day moving average is C$4.80. The company has a market capitalization of C$1.64 billion, a price-to-earnings ratio of -131.76 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$6.25 price objective on StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, StorageVault Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.81.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.