Cormark Analysts Boost Earnings Estimates for CCL Industries Inc. (TSE:CCL)

CCL Industries Inc. (TSE:CCLFree Report) – Analysts at Cormark increased their FY2024 earnings estimates for CCL Industries in a report issued on Tuesday, June 11th. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $4.01 per share for the year, up from their previous forecast of $4.00. Cormark also issued estimates for CCL Industries’ FY2025 earnings at $4.20 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.

View Our Latest Analysis on CCL Industries

CCL Industries Stock Performance

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

CCL Industries Dividend Announcement

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

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

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