TerraVest Industries (TSE:TVK) Releases Earnings Results

TerraVest Industries (TSE:TVKGet Free Report) announced its quarterly earnings data on Thursday. The company reported C$0.45 earnings per share (EPS) for the quarter, FiscalAI reports. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The firm had revenue of C$442.57 million during the quarter.

TerraVest Industries Stock Up 0.6%

Shares of TVK opened at C$132.75 on Friday. The stock has a market capitalization of C$2.88 billion, a PE ratio of 31.53 and a beta of 0.83. TerraVest Industries has a 1 year low of C$115.75 and a 1 year high of C$176.64. The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. The company’s 50-day simple moving average is C$134.46 and its 200-day simple moving average is C$141.09.

TerraVest Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. TerraVest Industries’s dividend payout ratio is presently 17.22%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TVK shares. National Bank Financial decreased their target price 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. Scotiabank decreased their target price on shares of TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Finally, BMO Capital Markets decreased their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$179.50.

Get Our Latest Analysis on TerraVest Industries

About TerraVest Industries

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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.

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Earnings History for TerraVest Industries (TSE:TVK)

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