Quebecor FY2024 EPS Increased by National Bank Financial

Quebecor (TSE:QBR) – Analysts at National Bank Financial increased their FY2024 earnings estimates for Quebecor in a report issued on Wednesday, January 15th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $3.17 per share for the year, up from their previous forecast of $3.15.

Quebecor (TSE:QBR) last issued its earnings results on Thursday, November 7th. The company reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.01). The firm had revenue of C$1.39 billion during the quarter, compared to the consensus estimate of C$1.41 billion.

Several other equities analysts have also recently commented on QBR. Scotiabank cut shares of Quebecor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Royal Bank of Canada upgraded Quebecor from a “hold” rating to a “moderate buy” rating in a report on Wednesday, December 18th.

Quebecor Price Performance

Quebecor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 22nd were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Friday, November 22nd.

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.