Brokers Issue Forecasts for Yellow Pages Limited’s FY2023 Earnings (TSE:Y)

Yellow Pages Limited (TSE:YGet Rating) – Analysts at National Bank Financial increased their FY2023 EPS estimates for Yellow Pages in a note issued to investors on Wednesday, May 11th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $1.89 for the year, up from their prior estimate of $1.80.

Separately, Royal Bank of Canada lifted their target price on Yellow Pages from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday.

Shares of TSE Y traded down C$0.18 during midday trading on Friday, hitting C$13.99. 1,753 shares of the company’s stock were exchanged, compared to its average volume of 7,369. The company has a quick ratio of 2.49, a current ratio of 2.63 and a debt-to-equity ratio of 42.95. Yellow Pages has a 12 month low of C$12.80 and a 12 month high of C$15.20. The company’s 50 day moving average price is C$13.46 and its 200 day moving average price is C$13.89. The firm has a market capitalization of C$384.17 million and a PE ratio of 5.30.

Yellow Pages (TSE:YGet Rating) last issued its earnings results on Thursday, February 10th. The company reported C$1.46 EPS for the quarter. The business had revenue of C$68.62 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 26th. This represents a $0.60 annualized dividend and a yield of 4.29%. Yellow Pages’s payout ratio is currently 21.21%.

About Yellow Pages (Get Rating)

Yellow Pages Limited operates as a digital media and marketing solutions company in Canada. The company provides digital and traditional marketing solutions, including online and mobile priority placement on Yellow Pages digital media properties, content syndication, search engine solutions, website fulfillment, social media campaign management, digital display advertising, video production, e-commerce, and print advertising to small and medium-sized enterprises.

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