Pollard Banknote Limited (TSE:PBL) Forecasted to Post FY2023 Earnings of $1.13 Per Share

Pollard Banknote Limited (TSE:PBL – Get Rating) – Stock analysts at Cormark reduced their FY2023 earnings per share estimates for shares of Pollard Banknote in a research note issued on Monday, May 15th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $1.13 per share for the year, down from their previous estimate of $1.16. The consensus estimate for Pollard Banknote’s current full-year earnings is $0.96 per share. Cormark also issued estimates for Pollard Banknote’s FY2024 earnings at $1.47 EPS.

PBL has been the topic of a number of other research reports. Canaccord Genuity Group upgraded Pollard Banknote from a “hold” rating to a “buy” rating and upped their target price for the company from C$18.50 to C$24.00 in a report on Wednesday, March 8th. Raymond James dropped their target price on Pollard Banknote from C$29.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, January 18th.

Pollard Banknote Price Performance

Shares of PBL opened at C$24.78 on Wednesday. The company has a market capitalization of C$667.08 million, a price-to-earnings ratio of 35.40 and a beta of 0.62. Pollard Banknote has a fifty-two week low of C$15.77 and a fifty-two week high of C$25.70. The company has a debt-to-equity ratio of 53.69, a current ratio of 1.76 and a quick ratio of 1.01. The business’s 50-day moving average is C$23.36 and its 200-day moving average is C$20.13.

Pollard Banknote (TSE:PBL – Get Rating) last posted its quarterly earnings data on Tuesday, March 7th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$126.90 million for the quarter, compared to the consensus estimate of C$129.80 million. Pollard Banknote had a return on equity of 8.40% and a net margin of 4.00%.

Pollard Banknote Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.65%. Pollard Banknote’s dividend payout ratio is currently 22.86%.

Pollard Banknote Company Profile

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Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through two segments, Lotteries and Charitable Gaming, and eGaming Systems. It designs, manufactures, and distributes instant tickets, as well as offers related services.