StorageVault Canada (TSE:SVI) Announces Quarterly Earnings Results

StorageVault Canada (TSE:SVI) released its quarterly earnings results on Wednesday. The company reported C($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$91.09 million for the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock opened at C$4.83 on Thursday. StorageVault Canada has a 1 year low of C$4.11 and a 1 year high of C$5.39. The business has a 50 day moving average price of C$4.58 and a 200 day moving average price of C$4.67. The company has a market capitalization of C$1.77 billion, a P/E ratio of -120.75 and a beta of 0.77.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$5.75.

Insider Buying and Selling

In related news, insider Access Self Storage Inc. purchased 89,700 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was bought at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the transaction, the insider owned 136,992,005 shares of the company’s stock, valued at approximately C$630,163,223. This represents a 0.07% increase in their position. Company insiders own 38.49% of the company’s stock.

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.