Research Analysts Issue Forecasts for CCL Industries Inc.’s FY2024 Earnings (TSE:CCL)

CCL Industries Inc. (TSE:CCLFree Report) – Stock analysts at Raymond James upped their FY2024 earnings estimates for CCL Industries in a research report issued on Monday, June 10th. Raymond James analyst M. Glen now forecasts that the company will post earnings of $4.03 per share for the year, up from their prior forecast of $4.02. Raymond James also issued estimates for CCL Industries’ Q4 2024 earnings at $0.95 EPS, Q1 2025 earnings at $1.03 EPS, Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.01 EPS and FY2025 earnings at $4.15 EPS.

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

Check Out Our Latest Analysis on CCL Industries

CCL Industries Stock Performance

CCL Industries (TSE:CCLGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$1.07 EPS for the quarter, topping the consensus estimate of C$0.99 by C$0.08. The company had revenue of C$1.74 billion during the quarter, compared to analysts’ expectations of C$1.75 billion.

CCL Industries Announces Dividend

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

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Earnings History and Estimates for CCL Industries (TSE:CCL)

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