Desjardins Comments on Capreit’s Q3 2024 Earnings (TSE:CAR)

Capreit (TSE:CAR) – Equities research analysts at Desjardins upped their Q3 2024 earnings per share estimates for Capreit in a research note issued on Sunday, August 11th. Desjardins analyst K. Stanley now anticipates that the company will post earnings per share of $0.68 for the quarter, up from their previous forecast of $0.67. Desjardins also issued estimates for Capreit’s FY2024 earnings at $2.58 EPS, FY2025 earnings at $2.71 EPS and FY2026 earnings at $2.90 EPS.

Separately, Ventum Cap Mkts upgraded Capreit to a “hold” rating in a report on Monday, July 15th.

Capreit Price Performance

Capreit has a 1-year low of C$20.71 and a 1-year high of C$50.88.

Capreit Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.125 dividend. This is an increase from Capreit’s previous monthly dividend of $0.12. This represents a $1.50 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, August 30th.

Capreit Company Profile

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.