Cormark Comments on StorageVault Canada’s FY2018 Earnings (SVI)

StorageVault Canada (CVE:SVI) – Stock analysts at Cormark decreased their FY2018 earnings estimates for StorageVault Canada in a research report issued to clients and investors on Wednesday, May 16th. Cormark analyst M. Macdougall now forecasts that the company will post earnings of $0.10 per share for the year, down from their previous estimate of $0.11.

StorageVault Canada (CVE:SVI) last posted its quarterly earnings data on Tuesday, May 15th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.04). The company had revenue of C$20.91 million for the quarter. StorageVault Canada had a negative net margin of 83.46% and a negative return on equity of 29.63%.

A number of other analysts have also issued reports on SVI. National Bank Financial decreased their price target on StorageVault Canada from C$3.40 to C$3.25 and set an “outperform” rating on the stock in a research note on Tuesday, May 1st. TD Securities set a C$3.00 price target on StorageVault Canada and gave the stock a “buy” rating in a research note on Friday, March 9th.

Shares of CVE:SVI opened at C$2.40 on Friday. StorageVault Canada has a 12-month low of C$2.03 and a 12-month high of C$2.85.

In related news, Director John C. Drake sold 24,300 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of C$2.45, for a total transaction of C$59,535.00.

StorageVault Canada Company Profile

StorageVault Canada Inc engages in the owning, operating, and renting self storage and portable storage space for individual and commercial customers in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, Canada. It operates a network of 49 stores with a total rentable space of 2,635,032 square feet, which comprise 24,719 rental units under the Access Storage, Storage For Your Life, and Depotium Mini-Entrepots brand names.

Earnings History and Estimates for StorageVault Canada (CVE:SVI)

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