Cormark Analysts Lift Earnings Estimates for RediShred Capital Corp. (CVE:KUT)

RediShred Capital Corp. (CVE:KUT) – Analysts at Cormark raised their Q4 2024 earnings estimates for RediShred Capital in a note issued to investors on Wednesday, May 1st. Cormark analyst D. Ocampo now expects that the company will post earnings of $0.02 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for RediShred Capital’s current full-year earnings is $0.08 per share.

RediShred Capital (CVE:KUT) last announced its quarterly earnings data on Monday, April 29th. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$16.82 million during the quarter. RediShred Capital had a negative net margin of 0.41% and a negative return on equity of 0.55%.

RediShred Capital Price Performance

Shares of CVE KUT opened at C$2.85 on Friday. The stock’s 50-day simple moving average is C$2.78 and its 200-day simple moving average is C$2.85. The firm has a market capitalization of C$52.16 million, a PE ratio of -285.00 and a beta of 1.31. RediShred Capital has a fifty-two week low of C$2.32 and a fifty-two week high of C$4.33. The company has a debt-to-equity ratio of 77.38, a quick ratio of 1.33 and a current ratio of 0.81.

RediShred Capital Company Profile

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates fifteen corporate shredding locations.