Brokers Offer Predictions for Quebecor’s FY2024 Earnings (TSE:QBR)

Quebecor (TSE:QBR) – Stock analysts at National Bank Financial decreased their FY2024 earnings estimates for shares of Quebecor in a research report issued to clients and investors on Tuesday, April 16th. National Bank Financial analyst A. Shine now anticipates that the company will earn $3.24 per share for the year, down from their previous estimate of $3.46.

Quebecor Stock Performance

Quebecor (TSE:QBR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.73. The firm had revenue of C$1.50 billion for the quarter, compared to the consensus estimate of C$1.51 billion.

Quebecor Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were issued a $0.325 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Quebecor’s previous quarterly dividend of $0.30. This represents a $1.30 dividend on an annualized basis and a yield of ∞.