Analysts Issue Forecasts for Quebecor FY2024 Earnings

Quebecor (TSE:QBR) – Equities researchers at National Bank Financial raised their FY2024 earnings estimates for shares of Quebecor in a note issued to investors on Wednesday, January 15th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $3.17 per share for the year, up from their prior estimate of $3.15.

Quebecor (TSE:QBR) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.83 by C($0.01). The company had revenue of C$1.39 billion during the quarter, compared to analyst estimates of C$1.41 billion.

Other research analysts also recently issued research reports about the company. Scotiabank downgraded Quebecor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada raised shares of Quebecor from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, December 18th.

Quebecor Stock Performance

Quebecor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 22nd were given a $0.325 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.30 annualized dividend and a dividend yield of ?.

Quebecor Company Profile

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation.