Analysts Set Expectations for CCL Industries Inc.’s Q1 2024 Earnings (TSE:CCL)

CCL Industries Inc. (TSE:CCL) – Research analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for CCL Industries in a research report issued on Monday, April 22nd. National Bank Financial analyst A. Abdullah forecasts that the company will post earnings per share of $1.01 for the quarter. National Bank Financial also issued estimates for CCL Industries’ Q2 2024 earnings at $0.94 EPS, Q3 2024 earnings at $1.05 EPS and Q4 2024 earnings at $1.02 EPS.

Separately, Stifel Canada upgraded shares of CCL Industries from a “hold” rating to a “buy” rating in a report on Monday, February 26th.

CCL Industries Price Performance

CCL Industries (TSE:CCL) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.97 earnings per share for the quarter, beating the consensus estimate of C$0.89 by C$0.08. The firm had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.65 billion.

CCL Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.29 dividend. This is a positive change from CCL Industries’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, March 14th.