CCL Industries Inc. (TSE:CCL) Forecasted to Post Q1 2024 Earnings of $1.01 Per Share

CCL Industries Inc. (TSE:CCL) – Research analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of CCL Industries in a research report issued on Monday, April 22nd. National Bank Financial analyst A. Abdullah anticipates 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.

Separately, Stifel Canada raised shares of CCL Industries from a “hold” rating to a “buy” rating in a research report 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, topping the consensus estimate of C$0.89 by C$0.08. The company had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.65 billion.

CCL Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of ∞. 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.