Brokers Set Expectations for Pollard Banknote Limited’s FY2023 Earnings (TSE:PBL)

Pollard Banknote Limited (TSE:PBL – Get Rating) – Equities researchers at Cormark boosted their FY2023 EPS estimates for shares of Pollard Banknote in a note issued to investors on Monday, March 13th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $1.16 per share for the year, up from their previous forecast of $1.07. The consensus estimate for Pollard Banknote’s current full-year earnings is $0.95 per share. Cormark also issued estimates for Pollard Banknote’s FY2024 earnings at $1.45 EPS.

A number of other research analysts also recently commented on the company. Raymond James reduced their price target on Pollard Banknote from C$29.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, January 18th. Canaccord Genuity Group upgraded Pollard Banknote from a “hold” rating to a “buy” rating and increased their target price for the company from C$18.50 to C$24.00 in a research note on Wednesday, March 8th.

Pollard Banknote Stock Down 1.2 %

Shares of Pollard Banknote stock opened at C$21.10 on Thursday. Pollard Banknote has a 1-year low of C$15.77 and a 1-year high of C$28.13. The company has a market capitalization of C$568.01 million, a PE ratio of 29.72 and a beta of 0.66. 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 has a 50-day moving average of C$18.98 and a 200-day moving average of C$18.55.

Pollard Banknote Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a $0.04 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. Pollard Banknote’s dividend payout ratio (DPR) is 22.54%.

About Pollard Banknote

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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.