About Mainstreet Equity Corp. (TSE:MEQ)
Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon. The Company has approximately 10 properties in Surrey, British Columbia; over 10 properties in Abbotsford, British Columbia; approximately 120 properties in Edmonton, Alberta; over 30 properties in Calgary and Southern Alberta, Alberta, and approximately 50 in Saskatoon, Saskatchewan. The Company has approximately 9,900 units of investment properties. Its properties include 14831 & 14811 - 104 Ave/14840-105 Ave North, Surrey, British Columbia; 115 Avenue V N, Saskatoon, Saskatchewan, and 11343-124 Street, Edmonton, Alberta.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Independent Oil & Gas
- Sub-Industry: N/A
- Symbol: TSE:MEQ
- CUSIP: N/A
- Web: mainst.biz/
- Market Cap: C$328.68 million
- Outstanding Shares: 8,857,000
- 50 Day Moving Avg: C$37.12
- 200 Day Moving Avg: C$37.09
- 52 Week Range: C$31.90 - C$38.04
Sales & Book Value:
- Trailing P/E Ratio: 9.64
- P/E Growth: 0.00
- Annual Revenue: C$103.37 million
- Price / Sales: 3.18
- Book Value: C$64.43 per share
- Price / Book: 0.58
- EBITDA: C$52.14 million
- Net Margins: -38.73%
- Return on Equity: -7.11%
- Return on Assets: -2.65%
- Average Volume: 3,097 shs.
- Short Ratio: 126.98
Frequently Asked Questions for Mainstreet Equity Corp. (TSE:MEQ)
What is Mainstreet Equity Corp.'s stock symbol?
Mainstreet Equity Corp. trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MEQ."
How were Mainstreet Equity Corp.'s earnings last quarter?
Mainstreet Equity Corp. (TSE:MEQ) issued its quarterly earnings results on Thursday, July, 20th. The company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of $0.54 by $1.69. The business earned $26.38 million during the quarter, compared to analysts' expectations of $25.90 million. Mainstreet Equity Corp. had a negative return on equity of 7.11% and a negative net margin of 38.73%. View Mainstreet Equity Corp.'s Earnings History.
When will Mainstreet Equity Corp. make its next earnings announcement?
Where is Mainstreet Equity Corp.'s stock going? Where will Mainstreet Equity Corp.'s stock price be in 2017?
3 analysts have issued twelve-month price objectives for Mainstreet Equity Corp.'s stock. Their forecasts range from C$34.00 to C$39.00. On average, they expect Mainstreet Equity Corp.'s share price to reach C$36.50 in the next year. View Analyst Ratings for Mainstreet Equity Corp..
Who are some of Mainstreet Equity Corp.'s key competitors?
Some companies that are related to Mainstreet Equity Corp. include Calfrac Well Services Ltd (CFW), Crew Energy (CR), Stone Energy Corporation (SGY), Athabasca Oil Corp (ATH), Gluskin Sheff + Associates (GS), Midstates Petroleum (MPO), Cardinal Energy Ltd (CJ), Bonterra Energy Corp (BNE), Surge Energy (SGY), Surge Energy (SGY), Argonaut Gold (AR), goeasy Ltd (GSY), BlackPearl Resources (PXX), SilverBow Resources (SBOW), CRH Medical Corp (CRH), Delphi Energy Corp. (DEE), GMP Capital (GMP) and Pine Cliff Energy Ltd (PNE).
Who are Mainstreet Equity Corp.'s key executives?
Mainstreet Equity Corp.'s management team includes the folowing people:
- Navjeet N. Dhillon, President, Chief Executive Officer, Director
- Trina Cui, Chief Financial Officer
- Johnny C. S. Lam, Chief Operating Officer
- Joseph B. Amantea, Corporate Secretary, Director
- Ron B. Anderson, Independent Director
- Karanveer V. Dhillon, Independent Director
- Richard Grimaldi, Independent Director
- John Irwin, Independent Director
How do I buy Mainstreet Equity Corp. stock?
Shares of Mainstreet Equity Corp. and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Mainstreet Equity Corp.'s stock price today?
MarketBeat Community Rating for Mainstreet Equity Corp. (TSE MEQ)MarketBeat's community ratings are surveys of what our community members think about Mainstreet Equity Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Mainstreet Equity Corp. stock can currently be purchased for approximately C$37.11.
Consensus Ratings for Mainstreet Equity Corp. (TSE:MEQ) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||C$36.50|Consensus Price Target History for Mainstreet Equity Corp. (TSE:MEQ)
Analysts' Ratings History for Mainstreet Equity Corp. (TSE:MEQ)
(Data available from 10/21/2015 forward)
|7/21/2017||TD Securities||Boost Price Target||Hold||C$37.00 -> C$39.00|
|2/16/2017||AltaCorp Capital||Reiterated Rating||Outperform|
|12/7/2016||Canaccord Genuity||Lower Price Target||Hold||C$36.00 -> C$34.00|
Earnings History for Mainstreet Equity Corp. (TSE:MEQ)Earnings History by Quarter for Mainstreet Equity Corp. (TSE MEQ)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|12/5/2017|| || || || || || || || |
|7/20/2017||Q3 2017||C$0.54||C($1.15)||C$25.90 million||C$26.38 million||View||N/A|
Earnings Estimates for Mainstreet Equity Corp. (TSE:MEQ)
Current Year EPS Consensus Estimate: $-1.13 EPS
Dividend History for Mainstreet Equity Corp. (TSE:MEQ)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Mainstreet Equity Corp. (TSE:MEQ)Insider Trades by Quarter for Mainstreet Equity Corp. (TSE:MEQ)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
Headline Trends for Mainstreet Equity Corp. (TSE:MEQ)
Latest Headlines for Mainstreet Equity Corp. (TSE:MEQ)
Mainstreet Equity Corp. (MEQ) Chart for Saturday, October, 21, 2017