RediShred Capital Corp. (CVE:KUT) Forecasted to Earn Q1 2024 Earnings of $0.03 Per Share

RediShred Capital Corp. (CVE:KUT) – Equities researchers at Ventum Cap Mkts issued their Q1 2024 EPS estimates for RediShred Capital in a report released on Wednesday, May 1st. Ventum Cap Mkts analyst D. Schilling anticipates that the company will post earnings of $0.03 per share for the quarter. The consensus estimate for RediShred Capital’s current full-year earnings is $0.10 per share. Ventum Cap Mkts also issued estimates for RediShred Capital’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.10 EPS and FY2025 earnings at $0.17 EPS.

RediShred Capital Stock Performance

Shares of KUT stock opened at C$2.90 on Monday. The company’s 50 day moving average is C$2.78 and its 200 day moving average is C$2.85. The company has a quick ratio of 1.33, a current ratio of 0.45 and a debt-to-equity ratio of 76.26. The firm has a market cap of C$53.07 million, a price-to-earnings ratio of -290.00 and a beta of 1.31. RediShred Capital has a 52-week low of C$2.32 and a 52-week high of C$4.33.

RediShred Capital (CVE:KUT) last announced its quarterly earnings results on Monday, April 29th. The company reported C($0.07) EPS for the quarter. RediShred Capital had a negative net margin of 0.80% and a negative return on equity of 1.12%. The firm had revenue of C$16.82 million for the quarter.

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.