Analysts Offer Predictions for CCL Industries Inc.’s Q2 2024 Earnings (TSE:CCL)

CCL Industries Inc. (TSE:CCL) – Raymond James increased their Q2 2024 earnings per share estimates for CCL Industries in a research note issued on Thursday, May 9th. Raymond James analyst M. Glen now expects that the company will post earnings of $0.99 per share for the quarter, up from their prior estimate of $0.98. Raymond James also issued estimates for CCL Industries’ Q3 2024 earnings at $1.02 EPS, FY2024 earnings at $4.02 EPS, Q1 2025 earnings at $1.02 EPS, Q2 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $0.99 EPS and FY2025 earnings at $4.09 EPS.

Separately, Stifel Canada upgraded shares of CCL Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 26th.

CCL Industries Price Performance

CCL Industries (TSE:CCL) last released its earnings results on Wednesday, February 21st. The company reported C$0.97 earnings per share for the quarter, beating the consensus estimate of C$0.89 by C$0.08. The business had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.65 billion.

CCL Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, June 14th. This represents a $1.16 dividend on an annualized basis and a yield of ∞.