FY2024 EPS Estimates for Quebecor (TSE:QBR) Reduced by National Bank Financial

Quebecor (TSE:QBR) – Research analysts at National Bank Financial decreased their FY2024 earnings per share estimates for shares of Quebecor in a research report issued on Tuesday, April 16th. National Bank Financial analyst A. Shine now expects that the company will earn $3.24 per share for the year, down from their previous estimate of $3.46.

Quebecor (TSE:QBR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.73. The company had revenue of C$1.50 billion during the quarter, compared to analyst estimates of C$1.51 billion.

Quebecor Price Performance

Quebecor Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a $0.325 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of ∞. This is an increase from Quebecor’s previous quarterly dividend of $0.30.