FY2024 Earnings Estimate for TSE:BRE Issued By Cormark

Bridgemarq Real Estate Services Inc. (TSE:BRE) – Investment analysts at Cormark reduced their FY2024 earnings per share (EPS) estimates for Bridgemarq Real Estate Services in a research note issued on Monday, November 18th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of ($1.31) per share for the year, down from their prior forecast of ($0.14). Cormark also issued estimates for Bridgemarq Real Estate Services’ FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.76 EPS.

Bridgemarq Real Estate Services Stock Up 1.1 %

BRE stock opened at C$15.21 on Wednesday. The company has a market cap of C$144.19 million, a P/E ratio of 13.34 and a beta of 1.28. Bridgemarq Real Estate Services has a twelve month low of C$11.50 and a twelve month high of C$15.79. The business has a fifty day moving average of C$14.61 and a 200-day moving average of C$13.59.

Bridgemarq Real Estate Services Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.88%. This is an increase from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s payout ratio is presently 118.42%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.