Cormark Comments on Pollard Banknote Limited’s FY2024 Earnings (TSE:PBL)

Pollard Banknote Limited (TSE:PBL) – Stock analysts at Cormark dropped their FY2024 earnings per share (EPS) estimates for Pollard Banknote in a note issued to investors on Monday, May 13th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $1.42 per share for the year, down from their prior forecast of $1.55. The consensus estimate for Pollard Banknote’s current full-year earnings is $1.49 per share.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$135.50 million during the quarter, compared to the consensus estimate of C$134.80 million. Pollard Banknote had a net margin of 6.04% and a return on equity of 11.93%.

Several other analysts have also weighed in on the company. Canaccord Genuity Group raised their price objective on Pollard Banknote from C$37.00 to C$40.00 in a research note on Wednesday, March 6th. Acumen Capital raised their price target on shares of Pollard Banknote from C$45.00 to C$47.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Raymond James lowered their price objective on shares of Pollard Banknote from C$43.00 to C$40.50 in a research report on Friday, May 10th.

Pollard Banknote Stock Up 1.0 %

TSE PBL opened at C$32.40 on Thursday. The business has a fifty day moving average price of C$35.37 and a two-hundred day moving average price of C$33.71. The stock has a market capitalization of C$876.74 million, a PE ratio of 28.17 and a beta of 0.63. Pollard Banknote has a fifty-two week low of C$22.63 and a fifty-two week high of C$37.75. The company has a debt-to-equity ratio of 49.94, a current ratio of 1.81 and a quick ratio of 1.01.

Pollard Banknote Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, June 28th. Pollard Banknote’s dividend payout ratio (DPR) is currently 17.39%.

Insider Activity

In other Pollard Banknote news, Senior Officer Robert Brock Young sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$34.62, for a total transaction of C$173,100.00. In other Pollard Banknote news, Senior Officer Robert Brock Young sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$34.62, for a total value of C$173,100.00. Also, Senior Officer Jennifer Doris Westbury sold 4,500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$37.00, for a total value of C$166,500.00. 63.99% 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.