TerraVest Industries (TSE:TVK) Releases Earnings Results

TerraVest Industries (TSE:TVK) announced its quarterly earnings data on Thursday. The company reported C$0.45 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$442.57 million during the quarter. TerraVest Industries had a return on equity of 14.09% and a net margin of 5.90%.

TerraVest Industries Stock Performance

TVK opened at C$128.92 on Friday. The company has a market cap of C$2.80 billion, a PE ratio of 30.62 and a beta of 0.83. The stock has a 50-day moving average of C$134.68 and a 200-day moving average of C$141.15. TerraVest Industries has a 52-week low of C$115.75 and a 52-week high of C$176.64. The company has a debt-to-equity ratio of 124.54, a quick ratio of 0.91 and a current ratio of 1.51.

TerraVest Industries Announces Dividend

The business also recently declared 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 dividend yield of 0.6%. TerraVest Industries’s payout ratio is currently 17.22%.

Analysts Set New Price Targets

Separately, Scotiabank dropped their target price on 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$187.00.

About TerraVest Industries

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.