What is Cormark’s Forecast for Pivotree FY2024 Earnings?

Pivotree Inc. (CVE:PVT) – Equities research analysts at Cormark lowered their FY2024 earnings per share estimates for shares of Pivotree in a research note issued to investors on Thursday, November 14th. Cormark analyst J. Pytlak now expects that the company will post earnings per share of ($0.45) for the year, down from their prior estimate of ($0.28). Cormark has a “Market Perform” rating on the stock. The consensus estimate for Pivotree’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Pivotree’s FY2025 earnings at $0.03 EPS.

Separately, Canaccord Genuity Group dropped their price target on shares of Pivotree from C$1.25 to C$1.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$2.38.

Pivotree Trading Up 3.3 %

Shares of PVT stock opened at C$0.93 on Monday. The firm’s 50-day simple moving average is C$1.08 and its 200-day simple moving average is C$1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95. Pivotree has a 1-year low of C$0.88 and a 1-year high of C$2.20. The firm has a market cap of C$24.47 million, a P/E ratio of -2.58 and a beta of 0.22.

About Pivotree

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.