Equities Analysts Set Expectations for CCL Industries Inc.’s Q1 2024 Earnings (TSE:CCL)

CCL Industries Inc. (TSE:CCL) – Analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of CCL Industries in a note issued to investors on Monday, April 22nd. National Bank Financial analyst A. Abdullah forecasts that the company will post earnings of $1.01 per share for the quarter. National Bank Financial also issued estimates for CCL Industries’ Q2 2024 earnings at $0.94 EPS, Q3 2024 earnings at $1.05 EPS and Q4 2024 earnings at $1.02 EPS.

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

Separately, Stifel Canada raised CCL Industries from a “hold” rating to a “buy” rating in a report on Monday, February 26th.

CCL Industries Price Performance

CCL Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.29 per share. This is a positive change from CCL Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of ∞.