Scotiabank Predicts Higher Earnings for TerraVest Industries

TerraVest Industries Inc. (TSE:TVK) – Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of TerraVest Industries in a research report issued to clients and investors on Wednesday, May 20th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.52 per share for the year, up from their previous forecast of $3.50. Scotiabank currently has a “Sector Outperform” rating and a $172.00 target price on the stock. The consensus estimate for TerraVest Industries’ current full-year earnings is $4.45 per share. Scotiabank also issued estimates for TerraVest Industries’ FY2027 earnings at $6.38 EPS.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$442.57 million for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.

Other equities analysts have also issued reports about the company. BMO Capital Markets reduced their price objective on TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. Canaccord Genuity Group dropped their target price on TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, National Bank Financial dropped their target price on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$175.33.

TerraVest Industries Stock Performance

TSE TVK opened at C$141.20 on Friday. The firm has a market capitalization of C$3.06 billion, a P/E ratio of 43.18 and a beta of 0.83. TerraVest Industries has a 1-year low of C$115.75 and a 1-year high of C$175.20. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The business’s 50-day simple moving average is C$133.60 and its 200-day simple moving average is C$141.06.

TerraVest Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio (DPR) is presently 22.94%.

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.