Analysts Issue Forecasts for Stingray Digitl’s FY2024 Earnings (TSE:RAY)

Stingray Digitl (TSE:RAY) – Equities research analysts at Desjardins issued their FY2024 earnings per share estimates for Stingray Digitl in a research report issued on Tuesday, September 12th. Desjardins analyst J. Dubreuil anticipates that the company will post earnings of $0.82 per share for the year. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Stingray Digitl’s FY2025 earnings at $0.98 EPS and FY2026 earnings at $1.13 EPS.

Stingray Digitl (TSE:RAY) last issued its quarterly earnings results on Tuesday, August 8th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.20 by C($0.03). The business had revenue of C$78.99 million during the quarter, compared to analysts’ expectations of C$79.50 million.

Stingray Digitl Price Performance

Stingray Digitl Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.30 annualized dividend and a dividend yield of ∞.