Mainstreet Equity (TSE:MEQ – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported C$3.64 EPS for the quarter, FiscalAI reports. Mainstreet Equity had a net margin of 66.27% and a return on equity of 10.42%. The company had revenue of C$73.17 million during the quarter.
Mainstreet Equity Price Performance
Shares of MEQ stock opened at C$169.40 on Friday. The firm has a fifty day simple moving average of C$171.68 and a 200-day simple moving average of C$175.23. The company has a market capitalization of C$1.57 billion, a PE ratio of 8.41 and a beta of 0.79. Mainstreet Equity has a twelve month low of C$160.08 and a twelve month high of C$206.80. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 97.72.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on MEQ. ATB Cormark Capital Markets dropped their price target on shares of Mainstreet Equity from C$245.00 to C$225.00 and set an “outperform” rating for the company in a research report on Monday, June 22nd. Canadian Imperial Bank of Commerce set a C$210.00 price target on shares of Mainstreet Equity and gave the company a “neutral” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Mainstreet Equity presently has a consensus rating of “Moderate Buy” and a consensus target price of C$227.67.
Mainstreet Equity Company Profile
Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.
See Also
- Five stocks we like better than Mainstreet Equity
- Buy the Dip or Run: 3 Software Stocks Down 50% Face Their Moment of Truth
- IonQ Sparks a Quantum Grid Revolution
- No Hangover: Revisiting Microsoft One Week After Earnings
- Western Digital Stock Falls 12% Despite Beating Earnings Estimates
Receive News & Ratings for Mainstreet Equity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mainstreet Equity and related companies with MarketBeat.com's FREE daily email newsletter.
