Street Capital Group (TSE:SCB) Announces Earnings Results

Street Capital Group (TSE:SCB) released its earnings results on Friday. The financial services provider reported C$0.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.01, reports. The business had revenue of C$18.00 million for the quarter, compared to analyst estimates of C$16.80 million.

SCB remained flat at $C$0.67 during trading on Friday. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 122,951. The stock’s fifty day moving average price is C$0.65. The company has a debt-to-equity ratio of 135.05, a quick ratio of 1.14 and a current ratio of 1.26. Street Capital Group has a 12-month low of C$0.45 and a 12-month high of C$0.94. The stock has a market cap of $81.86 million and a price-to-earnings ratio of -1.82.

A number of research firms have commented on SCB. National Bank Financial lowered shares of Street Capital Group from a “sector perform” rating to a “tender” rating and lifted their target price for the stock from C$0.50 to C$0.68 in a report on Tuesday, June 18th. Raymond James lowered their target price on shares of Street Capital Group from C$0.70 to C$0.68 and set a “market perform” rating for the company in a report on Tuesday, June 18th.

Street Capital Group Company Profile

Street Capital Group Inc, through its subsidiary, Street Capital Bank of Canada, provides a range of deposit and residential mortgage solutions in Canada. The company originates and sells high ratio and conventional prime insurable single-family residential mortgages; and accepts cashable guaranteed investment certificates (GICs) or term deposits and non-redeemable GICs.

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Earnings History for Street Capital Group (TSE:SCB)

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