What is Cormark’s Forecast for TSE:PBL FY2024 Earnings?

Pollard Banknote Limited (TSE:PBL) – Stock analysts at Cormark upped their FY2024 earnings estimates for Pollard Banknote in a report issued on Thursday, January 23rd. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $1.95 for the year, up from their prior forecast of $1.91. The consensus estimate for Pollard Banknote’s current full-year earnings is $2.03 per share. Cormark also issued estimates for Pollard Banknote’s Q4 2024 earnings at $0.55 EPS.

Separately, Raymond James upped their price objective on Pollard Banknote from C$44.00 to C$46.00 in a research note on Friday, November 15th.

Pollard Banknote Price Performance

Shares of TSE:PBL opened at C$29.67 on Friday. Pollard Banknote has a 1-year low of C$17.95 and a 1-year high of C$37.75. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40. The stock has a market cap of C$802.87 million, a PE ratio of 21.35 and a beta of 0.63. The stock’s fifty day simple moving average is C$25.05 and its two-hundred day simple moving average is C$24.92.

Pollard Banknote Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, December 31st. Pollard Banknote’s dividend payout ratio (DPR) is presently 14.39%.

About Pollard Banknote

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.