Equities Analysts Set Expectations for RediShred Capital Corp.’s Q1 2024 Earnings (CVE:KUT)

RediShred Capital Corp. (CVE:KUT) – Research analysts at Ventum Cap Mkts issued their Q1 2024 earnings per share estimates for RediShred Capital in a note issued to investors on Wednesday, May 1st. Ventum Cap Mkts analyst D. Schilling expects that the company will earn $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 (CVE:KUT) last announced its quarterly earnings results on Monday, April 29th. The company reported C($0.07) earnings per share (EPS) for the quarter. RediShred Capital had a negative net margin of 0.80% and a negative return on equity of 1.12%. The company had revenue of C$16.82 million during the quarter.

RediShred Capital Trading Up 1.0 %

Shares of KUT opened at C$2.90 on Monday. The firm’s 50-day moving average is C$2.78 and its two-hundred day moving average is C$2.85. RediShred Capital has a twelve month low of C$2.32 and a twelve month high of C$4.33. The company has a current ratio of 0.45, a quick ratio of 1.33 and a debt-to-equity ratio of 76.26. The firm has a market capitalization of C$53.07 million, a P/E ratio of -290.00 and a beta of 1.31.

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.