Cormark Weighs in on Quebecor’s FY2024 Earnings (TSE:QBR)

Quebecor (TSE:QBR) – Analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Quebecor in a research report issued on Thursday, October 31st. Cormark analyst D. Mcfadgen now expects that the company will earn $3.28 per share for the year, down from their previous forecast of $3.29.

Separately, Scotiabank downgraded Quebecor from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th.

Quebecor Stock Performance

Quebecor (TSE:QBR) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.89 earnings per share for the quarter, topping the consensus estimate of C$0.84 by C$0.05. The company had revenue of C$1.39 billion for the quarter, compared to analysts’ expectations of C$1.43 billion.

Quebecor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Friday, August 23rd were paid a dividend of $0.325 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.30 dividend on an annualized basis and a yield of ∞.

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation.