Mainstreet Equity Corp. Company Profile (TSE:MEQ)

About Mainstreet Equity Corp. (TSE:MEQ)

Mainstreet Equity Corp. logoMainstreet 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/
Capitalization:
  • Market Cap: C$328.68 million
  • Outstanding Shares: 8,857,000
Average Prices:
  • 50 Day Moving Avg: C$37.12
  • 200 Day Moving Avg: C$37.09
  • 52 Week Range: C$31.90 - C$38.04
P/E:
  • Trailing P/E Ratio: 9.64
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: C$103.37 million
  • Price / Sales: 3.18
  • Book Value: C$64.43 per share
  • Price / Book: 0.58
Profitability:
  • EBITDA: C$52.14 million
  • Net Margins: -38.73%
  • Return on Equity: -7.11%
  • Return on Assets: -2.65%
Misc:
  • 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?

Mainstreet Equity Corp. is scheduled to release their next quarterly earnings announcement on Tuesday, December, 5th 2017. View Earnings Estimates for Mainstreet Equity Corp..

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?

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?

One share of Mainstreet Equity Corp. stock can currently be purchased for approximately C$37.11.


MarketBeat Community Rating for Mainstreet Equity Corp. (TSE MEQ)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  70 (Vote Outperform)
Underperform Votes:  107 (Vote Underperform)
Total Votes:  177
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.

Analyst Ratings

Consensus Ratings for Mainstreet Equity Corp. (TSE:MEQ) (How are Consensus Ratings Calculated?)
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)
Price Target History for Mainstreet Equity Corp. (TSE:MEQ)
Analysts' Ratings History for Mainstreet Equity Corp. (TSE:MEQ)
Show:
DateFirmActionRatingPrice TargetDetails
7/21/2017TD SecuritiesBoost Price TargetHoldC$37.00 -> C$39.00View Rating Details
2/16/2017AltaCorp CapitalReiterated RatingOutperformView Rating Details
12/7/2016Canaccord GenuityLower Price TargetHoldC$36.00 -> C$34.00View Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Mainstreet Equity Corp. (TSE:MEQ)
Earnings by Quarter for Mainstreet Equity Corp. (TSE:MEQ)
Earnings History by Quarter for Mainstreet Equity Corp. (TSE MEQ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/5/2017        
7/20/2017Q3 2017C$0.54C($1.15)C$25.90 millionC$26.38 millionViewN/AView Earnings Details
7/17/2014C$0.59C$2.22C$22.95 millionViewN/AView Earnings Details
5/13/2014C$0.55C$0.44C$22.03 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mainstreet Equity Corp. (TSE:MEQ)
Current Year EPS Consensus Estimate: $-1.13 EPS

Dividends

Dividend History for Mainstreet Equity Corp. (TSE:MEQ)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Mainstreet Equity Corp. (TSE:MEQ)
Insider Trades by Quarter for Mainstreet Equity Corp. (TSE:MEQ)
Insider Trades by Quarter for Mainstreet Equity Corp. (TSE:MEQ)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/12/2017Joe AmanteaDirectorSell1,000C$34.05C$34,050.00
4/5/2017Joe AmanteaDirectorSell6,200C$36.00C$223,200.00
7/23/2015Richard GrimaldiDirectorBuy3,600C$26.96C$97,056.00
7/22/2015Richard GrimaldiDirectorBuy1,400C$26.99C$37,786.00
6/29/2015Richard GrimaldiDirectorBuy5,000C$29.91C$149,532.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Mainstreet Equity Corp. (TSE:MEQ)
Latest Headlines for Mainstreet Equity Corp. (TSE:MEQ)
Source:
DateHeadline
americanbankingnews.com logoJoe Amantea Sells 1,000 Shares of Mainstreet Equity Corp. (MEQ) Stock
www.americanbankingnews.com - October 13 at 1:34 PM
finance.yahoo.com logoMainstreet Equity Corp. breached its 50 day moving average in a Bullish Manner : MEQ-CA : October 4, 2017
finance.yahoo.com - October 6 at 10:26 AM
finance.yahoo.com logoMainstreet Equity Corp. breached its 50 day moving average in a Bullish Manner : MEQ-CA : September 22, 2017
finance.yahoo.com - September 23 at 8:08 AM
finance.yahoo.com logoMainstreet Equity Corp. breached its 50 day moving average in a Bearish Manner : MEQ-CA : September 11, 2017
finance.yahoo.com - September 12 at 1:10 AM
finance.yahoo.com logoMainstreet Equity Corp. breached its 50 day moving average in a Bullish Manner : MEQ-CA : August 28, 2017
finance.yahoo.com - August 28 at 3:23 PM
seekingalpha.com logoMainstreet Equity: Needs A Catalyst
seekingalpha.com - August 24 at 9:07 AM
finance.yahoo.com logoMainstreet Equity Corp. breached its 50 day moving average in a Bearish Manner : MEQ-CA : August 9, 2017
finance.yahoo.com - August 10 at 5:04 AM
finance.yahoo.com logoMainstreet Equity Corp. :MEQ-CA: Earnings Analysis: Q3, 2017 By the Numbers : August 3, 2017
finance.yahoo.com - August 4 at 1:38 AM
marketwatch.com logoMainstreet Equity Corp. Releases its Q3 2017 Results - MarketWatch
www.marketwatch.com - July 22 at 6:23 AM
americanbankingnews.com logoMainstreet Equity Corp. (TSE:MEQ) PT Raised to C$39.00 at TD Securities
www.americanbankingnews.com - July 21 at 2:27 PM
americanbankingnews.com logoMainstreet Equity Corp. (TSE:MEQ) Announces Earnings Results
www.americanbankingnews.com - July 21 at 10:23 AM
finance.yahoo.com logoMainstreet Equity Corp. Releases its Q3 2017 Results
finance.yahoo.com - July 21 at 2:14 AM
americanbankingnews.com logoMainstreet Equity Corp. (TSE:MEQ) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - July 17 at 8:22 AM
finance.yahoo.com logoMainstreet Equity Corp. breached its 50 day moving average in a Bearish Manner : MEQ-CA : July 11, 2017
finance.yahoo.com - July 12 at 3:26 AM
benzinga.com logoMainstreet Equity Corp held Annual Shareholder...
www.benzinga.com - March 17 at 11:42 PM

Social

Chart

Mainstreet Equity Corp. (MEQ) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.