What is Cormark’s Forecast for Capreit FY2024 Earnings?

Capreit (TSE:CAR) – Investment analysts at Cormark reduced their FY2024 earnings estimates for shares of Capreit in a research report issued to clients and investors on Monday, November 18th. Cormark analyst S. Srinivas now expects that the company will post earnings of $2.52 per share for the year, down from their previous estimate of $2.59. Cormark also issued estimates for Capreit’s Q4 2024 earnings at $0.61 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.63 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.67 EPS and Q3 2026 earnings at $0.66 EPS.

Capreit Price Performance

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

Capreit Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.50 dividend on an annualized basis and a yield of ∞.

About Capreit

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.