What is Cormark’s Forecast for TSE:BRE FY2024 Earnings?

Bridgemarq Real Estate Services Inc. (TSE:BRE) – Analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Bridgemarq Real Estate Services in a research note issued to investors on Monday, November 18th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of ($1.31) 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 Trading Up 1.7 %

BRE stock opened at C$15.13 on Wednesday. Bridgemarq Real Estate Services has a one year low of C$11.50 and a one year high of C$15.79. The firm has a 50-day moving average of C$14.55 and a two-hundred day moving average of C$13.57. The firm has a market capitalization of C$143.43 million, a PE ratio of 13.27 and a beta of 1.28.

Bridgemarq Real Estate Services Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be given a $0.1125 dividend. This represents a $1.35 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Thursday, October 31st. This is an increase from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11. Bridgemarq Real Estate Services’s dividend payout ratio is 118.42%.

About Bridgemarq Real Estate Services

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.