Cormark Equities Analysts Decrease Earnings Estimates for RediShred Capital Corp. (CVE:KUT)

RediShred Capital Corp. (CVE:KUT) – Cormark decreased their FY2019 earnings per share estimates for shares of RediShred Capital in a report released on Monday, December 2nd. Cormark analyst M. Macdougall now forecasts that the company will earn $0.01 per share for the year, down from their previous estimate of $0.02. Cormark also issued estimates for RediShred Capital’s FY2020 earnings at $0.03 EPS.

Separately, Pi Financial set a C$1.15 target price on RediShred Capital and gave the stock a “buy” rating in a research report on Friday.

Shares of CVE KUT opened at C$0.91 on Tuesday. RediShred Capital has a 52-week low of C$0.59 and a 52-week high of C$1.14. The firm has a fifty day moving average of C$0.96 and a 200-day moving average of C$0.96. The stock has a market capitalization of $65.86 million and a PE ratio of 30.33. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 65.98.

RediShred Capital Company Profile

RediShred Capital Corp., through its subsidiaries, provides onsite shredding services under the Proshred brand in the United States and internationally. The company grants and manages shredding business franchises under the Proshred trademark; operates in corporate shredding businesses; and supports the franchises.

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Earnings History and Estimates for RediShred Capital (CVE:KUT)

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