TerraVest Industries Inc. (TSE:TVK) Declares $0.20 Quarterly Dividend

TerraVest Industries Inc. (TSE:TVK) announced a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Friday, April 10th will be paid a dividend of 0.20 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st.

TerraVest Industries Price Performance

Shares of TerraVest Industries stock opened at C$141.87 on Friday. The company’s fifty day simple moving average is C$145.74 and its two-hundred day simple moving average is C$142.81. TerraVest Industries has a 12-month low of C$115.75 and a 12-month high of C$176.64. The firm has a market cap of C$3.08 billion, a PE ratio of 33.70 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 124.54.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Wednesday, February 11th. The company reported C$1.50 EPS for the quarter. The firm had revenue of C$408.35 million during the quarter. TerraVest Industries had a net margin of 5.90% and a return on equity of 14.09%. As a group, equities analysts expect that TerraVest Industries will post 4.4510412 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TVK shares. BMO Capital Markets raised shares of TerraVest Industries from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$150.00 to C$200.00 in a research report on Friday, December 12th. Scotiabank upped their target price on TerraVest Industries from C$184.50 to C$187.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Canaccord Genuity Group increased their target price on TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TerraVest Industries has a consensus rating of “Moderate Buy” and an average price target of C$188.50.

TerraVest Industries Company Profile

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.