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

RediShred Capital Corp. (CVE:KUT) – Equities research analysts at Singular Research issued their Q3 2024 EPS estimates for RediShred Capital in a report released on Monday, September 30th. Singular Research analyst D. Marsh anticipates that the company will earn $0.03 per share for the quarter. Singular Research 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.

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

RediShred Capital Stock Performance

Shares of KUT opened at C$4.21 on Thursday. The stock has a market capitalization of C$77.09 million, a P/E ratio of 31.54 and a beta of 1.31. The firm’s fifty day simple moving average is C$3.23 and its two-hundred day simple moving average is C$3.08. 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 12 month low of C$2.32 and a 12 month high of C$4.21.

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

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 corporate shredding locations.