FY2024 EPS Estimates for Pollard Banknote Lowered by Cormark

Pollard Banknote Limited (TSE:PBL) – Equities research analysts at Cormark reduced their FY2024 earnings estimates for shares of Pollard Banknote in a research note issued to investors on Wednesday, October 23rd. Cormark analyst D. Mcfadgen now forecasts that the company will earn $1.54 per share for the year, down from their previous forecast of $1.63. The consensus estimate for Pollard Banknote’s current full-year earnings is $2.03 per share.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.43 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 13.34% and a net margin of 7.17%. The firm had revenue of C$137.80 million during the quarter, compared to the consensus estimate of C$138.58 million.

A number of other equities analysts have also recently issued reports on PBL. Acumen Capital cut their price objective on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Canaccord Genuity Group increased their price target on shares of Pollard Banknote from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Raymond James boosted their price objective on shares of Pollard Banknote from C$40.50 to C$44.00 in a report on Thursday, August 15th.

Pollard Banknote Price Performance

Shares of TSE:PBL opened at C$24.21 on Monday. The company’s fifty day moving average price is C$24.89 and its 200-day moving average price is C$28.53. The company has a debt-to-equity ratio of 45.40, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market capitalization of C$655.12 million, a price-to-earnings ratio of 17.42 and a beta of 0.63. Pollard Banknote has a one year low of C$17.95 and a one year high of C$37.75.

Pollard Banknote Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 annualized dividend and a yield of 0.83%. Pollard Banknote’s payout ratio is currently 14.39%.

Insider Activity

In other Pollard Banknote news, Senior Officer Riva Jean Richard sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$26.13, for a total value of C$52,260.00. Over the last 90 days, insiders sold 4,300 shares of company stock valued at $110,510. 64.02% of the stock is currently owned by company insiders.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.