Cormark Forecasts Increased Earnings for Pollard Banknote

Pollard Banknote Limited (TSE:PBL) – Investment analysts at Cormark upped their FY2024 earnings per share estimates for shares of Pollard Banknote in a research note issued to investors on Wednesday, November 20th. Cormark analyst D. Mcfadgen now anticipates that the company will earn $1.91 per share for the year, up from their previous estimate of $1.54. The consensus estimate for Pollard Banknote’s current full-year earnings is $2.03 per share. Cormark also issued estimates for Pollard Banknote’s FY2025 earnings at $2.38 EPS.

A number of other equities analysts have also recently weighed in on the company. Raymond James upped their price target on Pollard Banknote from C$44.00 to C$46.00 in a report on Friday, November 15th. Canaccord Genuity Group upped their target price on shares of Pollard Banknote from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, Acumen Capital dropped their price target on shares of Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Pollard Banknote Price Performance

PBL stock opened at C$25.40 on Monday. The firm has a market cap of C$687.32 million, a P/E ratio of 18.27 and a beta of 0.63. The company has a debt-to-equity ratio of 45.40, a quick ratio of 1.01 and a current ratio of 1.78. Pollard Banknote has a 1 year low of C$17.95 and a 1 year high of C$37.75. The stock has a 50-day simple moving average of C$25.13 and a 200-day simple moving average of C$26.93.

Insider Activity

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$26.13, for a total transaction of C$52,260.00. In the last three months, insiders sold 4,300 shares of company stock worth $110,510. 64.02% of the stock is currently owned by 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.