Latest news for StorageVault Canada (OTC:SVAUF) Stock

StorageVault Canada Inc is engaged in the business of owning, managing, and renting self-storage and portable storage space to individual and commercial customers. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties. It generates maximum revenue from the Self Storage segment. The company also stores, shreds, and manages documents and records for customers.

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Stocks That Hit 52-Week Highs On Tuesday

STORAGEVAULT CANADA INC by Storagevault Canada Inc.

StorageVault Canada Inc

Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) reported quarterly earnings of $3.13 per share which beat the analyst consensus estimate of $2.55 by 22.75 percent.

Earnings

Earnings Beats

ERIE

Erie Indemnity Q2 2024 GAAP EPS $3.13 Beats $2.55 Estimate

Guidance

COLM

Columbia Sportswear Sees Q4 2024 EPS $3.65-$4.05

The anticipated improvement in demand for&nbsp;Chlor Alkali Products and Vinyls business has been slower to develop than expected earlier this year.
&quot;We currently estimate that Olin&#39;s&nbsp;third quarter&nbsp;2024 adjusted EBITDA will be reduced by approximately&nbsp;$100 million&nbsp;due to incremental costs to restore operations, unabsorbed fixed manufacturing costs, and reduced profit from lost sales associated with the storm. Before considering the effects of Hurricane Beryl, we had anticipated our Chemical businesses&#39;&nbsp;third quarter&nbsp;2024 adjusted EBITDA would have been comparable to&nbsp;second quarter&nbsp;2024. We expect our Winchester business&nbsp;third quarter&nbsp;results to improve from&nbsp;second quarter&nbsp;levels with seasonally stronger commercial ammunition demand and higher military shipments and project revenue.&quot;

Olin Expects H2'2024 Adjusted EBITDA Would Have Been Comparable To H1'2024

Rogers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROG#NYSE">ROG</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.60 by 15 percent. The company reported quarterly sales of $214.200 million which missed the analyst consensus estimate of $216.150 million by 0.90 percent. This is a 7.20 percent decrease over sales of $230.821 million the same period last year.

Earnings Misses

Rogers Q2 2024 Adj EPS $0.69 Beats $0.60 Estimate, Sales $214.200M Miss $216.150M Estimate

Phillips Edison (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PECO#NASDAQ">PECO</a>) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.13 by 7.69 percent. This is unchanged from the same period last year. The company reported quarterly sales of $161.51 million which missed the analyst consensus estimate of $162.02 million by 0.31 percent. This is a 6.16 percent increase over sales of $152.14 million the same period last year.

PECO

Phillips Edison Q2 EPS $0.12 Misses $0.13 Estimate, Sales $161.51M Miss $162.02M Estimate

Eastern Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBC#NASDAQ">EBC</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent.

Eastern Bankshares Q2 2024 GAAP EPS $0.22 Beats $0.20 Estimate

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) reported quarterly earnings of $2.50 per share which beat the analyst consensus estimate of $2.24 by 11.61 percent. The company reported quarterly sales of $6.49 billion which missed the analyst consensus estimate of $6.57 billion by 1.30 percent. This is a 7.22 percent increase over sales of $6.05 billion the same period last year.

Hartford Finl Servs Gr Q2 2024 Adj EPS $2.50 Beats $2.24 Estimate, Sales $6.49B Miss $6.57B Estimate

WIIM

Boston Beer Company shares are trading lower after the company reported worse-than-expected Q2 financial results.

KGI Securities analyst Jennifer Liang downgrades Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from Outperform to Neutral and announces $236 price target.

Downgrades

Price Target

Analyst Ratings

TSLA

KGI Securities Downgrades Tesla to Neutral, Announces $236 Price Target

Eastman Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $2.01 by 6.97 percent. The company reported quarterly sales of $2.36 billion which met the analyst consensus estimate. This is a 1.68 percent increase over sales of $2.32 billion the same period last year.

Eastman Chemical Q2 2024 Adj EPS $2.15 Beats $2.01 Estimate, Sales $2.36B Inline

Arthur J. Gallagher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) reported quarterly earnings of $1.27 per share which missed the analyst consensus estimate of $1.53 by 16.99 percent. The company reported quarterly sales of $2.775 billion which beat the analyst consensus estimate of $2.762 billion by 0.50 percent. This is a 13.66 percent increase over sales of $2.442 billion the same period last year.

Arthur J. Gallagher Q2 2024 GAAP EPS $1.27 Misses $1.53 Estimate, Sales $2.775B Beat $2.762B Estimate

Waterstone Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBF#NASDAQ">WSBF</a>) reported quarterly earnings of $0.31 per share. This is a 55 percent increase over earnings of $0.20 per share from the same period last year. The company reported $10.68 million in sales this quarter. This is a 15.75 percent decrease over sales of $12.68 million the same period last year.

WSBF

Waterstone Financial Q2 EPS $0.31 Up From $0.20 YoY, Sales $10.68M Down From $12.68M YoY

L3Harris Technologies shares are trading higher after the company reported better-than-expected Q2 earnings and raised its FY24 EPS guidance.

FVCBankcorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FVCB#NASDAQ">FVCB</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.21 by 42.86 percent. This is a 11.76 percent decrease over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $13.67 million which beat the analyst consensus estimate of $13.41 million by 1.95 percent. This is a 4.98 percent decrease over sales of $14.39 million the same period last year.

FVCB

FVCBankcorp Q2 Adj $0.30 Beats $0.21 Estimate, Sales $13.67M Beat $13.41M Estimate

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) reported quarterly earnings of $2.13 per share which met the analyst consensus estimate. The company reported quarterly sales of $816.000 million which beat the analyst consensus estimate of $799.481 million by 2.07 percent. This is a 4.21 percent increase over sales of $783.000 million the same period last year.

ALSN

Allison Transmission Q2 2024 GAAP EPS $2.13, Inline, Sales $816.000M Beat $799.481M Estimate

Boston Beer Reaffirms FY24 GAAP EPS Guidance at $7.00-$11.00 vs $10.27 Est.; Lowers FY24 Depletions and Shipments Percentage Change Guidance From Down Low Single Digit To Up Low Single Digit To Down Low Single Digit To Zero

First American Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faf#NYSE">FAF</a>) reports a second-quarter 2024 operating income per share of $1.27, which beat the Zacks Consensus Estimate by 12.4%. The bottom line decreased 5.9% year over year.
The insurer&#39;s results reflect the benefits of the seasonal pick-up in demand despite challenging market conditions.
<h3>Behind the Headlines</h3>
Operating revenues of $1.6 billion dropped 2.1% year over year due to lower agent premiums and information and other. The top line missed the Zacks Consensus Estimate by 1.2%.
<div class="chart_embed">
<h3>First American Financial Corporation Price, Consensus and EPS Surprise</h3>
<img alt="First American Financial Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/11/1721923696.png" style="height:265px; width:574px" title="" />
First American Financial Corporation price-consensus-eps-surprise-chart | First American Financial Corporation Quote
Investment income was $129.9 million in the first quarter, declining 4.5% year over year. The figure was lower than our estimate of $150 million.
Expenses inched down 0.9% to $1.5 billion. Our estimate was $1.5 billion.
</div>
<h3>Segment Results</h3>
Title Insurance and Services: Total revenues fell 0.6% year over year to $1.5 billion. The downside was due to lower agent premiums and information and other. The figure was in line with our estimate.&nbsp;
Investment income of $126 million declined 11.3% year over year. The downside was primarily due to lower average interest-bearing escrow and tax-deferred property exchange balances, partly offset by higher interest income from the company&#39;s warehouse lending business.
Adjusted pretax margin contracted 70 basis points (bps) year over year to 11.9%. Title open orders dropped 2.8% to 169,600. Title closed orders fell 2.8% to 124,700. The average revenue per direct title order increased 0.9% to $11,700, primarily owing to a shift in the mix from lower premium default transactions to higher premium commercial transactions and an increase in the average revenue per order for purchase transactions.
Home Warranty: Total revenues increased 0.3% to $106 million. The figure was higher than our estimate of $102.6 million. Pretax income of $16.5 million increased 15.4% year over year. The claim loss rate was 45.8% in the first quarter, contracting 340 bps due to lower claim severity, which was partially offset by higher claim frequency. The pretax margin was 15.4%, which expanded 200 bps year over year.
Corporate: Net investment income was $4 million, down 50% year over year, primarily attributable to changes in the value of investments associated with the company&#39;s deferred compensation program. This amount was offset by lower personnel expenses reflecting returns on the plan participants&#39; investments.
Interest expenses were $23 million, up 9% year over year due to higher interest expenses in the company&#39;s warehouse lending business.
<h3>Financial Update</h3>
First American exited the quarter with cash and cash equivalents of $2 billion, down 43.2% from the end of 2023. Notes and contracts payable were $1.4 billion, up 0.4% from the end of 2023.
Stockholders&#39; equity was $4.7 billion, down 0.7% from the 2023-end level. The debt-to-capital ratio was 29.7.
FAF bought back shares worth $4 1million in the quarter. Through Jul 23, it repurchased an additional $15 million worth of shares.
Cash flow from operations was $267 million, down 0.7% year over year.
<h3>Zacks Rank</h3>
FAF currently carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Insurers</h3>
The Travelers Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) reported a second-quarter 2024 core income of $2.51 per share, which beat the Zacks Consensus Estimate by 25.5%. The bottom line skyrocketed from 6 cents in the year-ago quarter, driven by solid underlying results, net favorable prior-year reserve development and higher net investment income, partially offset by higher catastrophe losses. Travelers&#39; total revenues increased 12.4% from the year-ago quarter&#39;s figure to $11.3 billion, primarily driven by higher premiums. The top-line figure missed the Zacks Consensus Estimate by 1%.
Net written premiums increased 8% year over year to a record $11.1 billion, driven by strong growth across all three segments. The figure was higher than our estimate of $10.4 billion. Travelers witnessed an underwriting loss of $65 million, narrower than a loss of $640 million incurred in the year-ago quarter. The combined ratio improved 630 bps year over year to 100.2 due to an improvement in the underlying combined ratio, higher net favorable prior-year reserve development and lower catastrophe losses, as a percentage of net earned premiums. The Zacks Consensus Estimate was pegged at 97.
The Progressive Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.
Net premiums earned grew 19% to $17.2 billion and beat our estimate of $16.7 billion. The combined ratio improved by 850 bps from the prior-year quarter&#39;s level to 91.9.
Selective Insurance Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sigi#NASDAQ">SIGI</a>) reported a second-quarter 2024 operating loss of $1.10 per share against the Zacks Consensus Estimate for earnings of $1.56. The company reported an operating income of 99 cents per share in the prior-year quarter. The quarterly results reflected poor underwriting performance, unfavorable prior-year casualty reserve development and escalating costs, offset by higher premiums and net investment income.
Total revenues of $1.2 billion increased 15% from the year-ago quarter&#39;s figure, primarily due to higher premiums earned, net investment income and net premiums written. The top line missed the Zacks Consensus Estimate by 1.3%.
<a href="https://www.zacks.com/stock/news/2309346/first-american-faf-q2-earnings-top-revenues-miss-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309346">To read this article on Zacks.com click here.</a>

SIGI

First American Q2 Earnings Top, Revenues Miss Estimates

CINF

Cincinnati Financial Q2 2024 Adj Sales $2.407B Miss $2.449B Estimate

Dividends

Principal Financial Increases Dividend From $0.71 To $0.72 Per Share

Princeton Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPRN#NASDAQ">BPRN</a>) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.69 by 15.94 percent. This is a 25.23 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $20.62 million which beat the analyst consensus estimate of $15.86 million by 29.99 percent. This is a 24.27 percent decrease over sales of $27.23 million the same period last year.

BPRN

Princeton Bancorp Q2 EPS $0.80 Beats $0.69 Estimate, Sales $20.62M Beat $15.86M Estimate

StorageVault to acquire two storage locations for C$20M

Storagevault Canada reports Q4 results

StorageVault Canada declares CAD 0.0028 dividend

Storagevault Canada reports Q1 results

StorageVault reports Q1 results

StorageVault declares $0.0029 dividend

StorageVault declares $0.002903 dividend

StorageVault to acquire two store locations for C$59.5 million

StorageVault to acquire $71.5M of assets

Storagevault Canada reports Q2 results

SVAUF

StorageVault Canada

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StorageVault Canada

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Latest news for StorageVault Canada (OTC:SVAUF) Stock

Monday, September 23, 2019