Atb Cap Markets Has Positive View of TSE:MEQ FY2025 Earnings

Key Points

• ATB Capital Markets has significantly raised its FY2025 earnings per share estimate for Mainstreet Equity Corp. from $11.14 to $23.22, maintaining a "Strong-Buy" rating on the stock.
• Mainstreet Equity recently increased its quarterly dividend from $0.03 to $0.04, representing an annualized dividend of $0.16 and a yield of 0.1%.
• The company's stock price has increased by 4.0%, with shares opening at C$203.36, while its market capitalization stands at C$1.89 billion.

Mainstreet Equity Corp. (TSE:MEQ - Free Report) - Stock analysts at Atb Cap Markets upped their FY2025 earnings per share estimates for Mainstreet Equity in a report issued on Sunday, August 10th. Atb Cap Markets analyst C. Murray now expects that the company will earn $23.22 per share for the year, up from their previous estimate of $11.14. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for Mainstreet Equity's current full-year earnings is $8.19 per share. Atb Cap Markets also issued estimates for Mainstreet Equity's Q4 2025 earnings at $2.37 EPS, Q1 2026 earnings at $2.06 EPS, Q2 2026 earnings at $1.96 EPS, Q3 2026 earnings at $2.32 EPS, Q4 2026 earnings at $2.60 EPS and FY2026 earnings at $8.94 EPS.

Separately, ATB Capital upgraded Mainstreet Equity from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$225.00 to C$235.00 in a research note on Monday.

Mainstreet Equity Stock Up 4.0%

Shares of TSE MEQ opened at C$203.36 on Wednesday. The company has a debt-to-equity ratio of 109.80, a current ratio of 0.51 and a quick ratio of 0.81. The stock has a market capitalization of C$1.89 billion, a PE ratio of 10.10 and a beta of 1.63. Mainstreet Equity has a one year low of C$179.50 and a one year high of C$216.37. The business's fifty day moving average price is C$188.76 and its 200-day moving average price is C$191.97.

Mainstreet Equity Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th were issued a $0.04 dividend. This is a positive change from Mainstreet Equity's previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.1%. Mainstreet Equity's dividend payout ratio (DPR) is presently 0.55%.

About Mainstreet Equity

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.

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