Research Analysts Set Expectations for RediShred Capital Corp.’s Q3 2024 Earnings (CVE:KUT)

RediShred Capital Corp. (CVE:KUT) – Equities researchers at Singular Research issued their Q3 2024 earnings per share (EPS) estimates for RediShred Capital in a report released on Monday, September 30th. Singular Research analyst D. Marsh forecasts that the company will post earnings of $0.03 per share for the quarter. Singular Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for RediShred Capital’s current full-year earnings is $0.20 per share. Singular Research also issued estimates for RediShred Capital’s Q4 2024 earnings at $0.03 EPS, FY2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.09 EPS.

RediShred Capital (CVE:KUT) last issued its quarterly earnings data on Wednesday, August 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. The company had revenue of C$17.95 million during the quarter, compared to analysts’ expectations of C$18.28 million.

Separately, Cormark lifted their price target on shares of RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th.

RediShred Capital Stock Up 5.3 %

CVE KUT opened at C$4.21 on Thursday. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47. RediShred Capital has a 1-year low of C$2.32 and a 1-year high of C$4.21. The company has a 50 day moving average of C$3.23 and a 200-day moving average of C$3.08. The company has a market cap of C$77.09 million, a price-to-earnings ratio of 31.54 and a beta of 1.31.

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 corporate shredding locations.