Morguard (TSE:MRC) Full Year 2024 Results
Key Financial Results
- Revenue: CA$1.13b (down 8.2% from FY 2023).
- Net income: CA$261.8m (up 253% from FY 2023).
- Profit margin: 23% (up from 6.0% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CA$24.23 (up from CA$6.80 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Morguard Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.6% growth forecast for the Real Estate industry in Canada.
Performance of the Canadian Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Morguard is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:MRC
Morguard
A real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States.
Solid track record and slightly overvalued.
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