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

RediShred Capital Corp. (CVE:KUT) – Equities research analysts at Cormark increased their Q1 2024 EPS estimates for RediShred Capital in a research report issued on Wednesday, May 1st. Cormark analyst D. Ocampo now expects that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for RediShred Capital’s current full-year earnings is $0.08 per share. Cormark also issued estimates for RediShred Capital’s Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.06 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.29 EPS.

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

RediShred Capital Trading Up 4.8 %

Shares of CVE KUT opened at C$2.85 on Thursday. The company’s 50 day simple moving average is C$2.78 and its 200 day simple moving average is C$2.86. RediShred Capital has a fifty-two week low of C$2.32 and a fifty-two week high of C$4.33. The firm has a market capitalization of C$52.16 million, a P/E ratio of -272.00 and a beta of 1.31. The company has a debt-to-equity ratio of 77.38, a current ratio of 0.81 and a quick ratio of 1.33.

About RediShred Capital

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.