TerraVest Industries (TSE:TVK) Posts Quarterly Earnings Results

TerraVest Industries (TSE:TVK) announced its quarterly earnings data on Thursday. The company reported C$1.40 EPS for the quarter, FiscalAI reports. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The firm had revenue of C$921.79 million for the quarter.

TerraVest Industries Price Performance

TSE TVK traded down C$3.75 during trading hours on Friday, reaching C$129.68. The company’s stock had a trading volume of 38,877 shares, compared to its average volume of 97,856. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The firm has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 39.66 and a beta of 0.86. The company’s 50-day moving average is C$118.09 and its two-hundred day moving average is C$132.61. TerraVest Industries has a 1-year low of C$95.00 and a 1-year high of C$175.20.

Analyst Ratings Changes

TVK has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their price target on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. BMO Capital Markets reduced their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce decreased their target price on TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. National Bank Financial dropped their price objective on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, Scotiabank dropped their price objective on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$159.50.

TerraVest Industries Company Profile

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service. The Fuel Containment segment is engaged in the manufacturing of bulk LPG transport trailers, LPG delivery & service trucks, bulk LPG storage tanks, residential & commercial LPG tanks, dispensers, and other products.