Mediagrif Interactive Technologies Inc (MDF) to Post FY2019 Earnings of $0.99 Per Share, National Bank Financial Forecasts
Mediagrif Interactive Technologies Inc (TSE:MDF) – Stock analysts at National Bank Financial cut their FY2019 earnings estimates for Mediagrif Interactive Technologies in a research note issued to investors on Thursday. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of $0.99 per share for the year, down from their prior forecast of $1.16. National Bank Financial currently has a “Sector Perform” rating and a $14.00 target price on the stock.
Separately, Laurentian cut shares of Mediagrif Interactive Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$20.00 to C$16.50 in a report on Wednesday, August 9th.
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Mediagrif Interactive Technologies (MDF) traded down C$0.56 during mid-day trading on Monday, hitting C$11.62. 14,643 shares of the stock were exchanged, compared to its average volume of 7,878. Mediagrif Interactive Technologies has a 52-week low of C$11.60 and a 52-week high of C$19.55.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.44%. Mediagrif Interactive Technologies’s dividend payout ratio (DPR) is currently 51.28%.
About Mediagrif Interactive Technologies
Mediagrif Interactive Technologies Inc is a Canada-based company, which provides e-business solutions to consumer and businesses. The Company is engaged in information technology and is an owner of various Web and mobile platforms, including Jobboom, LesPAC, Reseau Contact, MERX, InterTrade, Carrus and BidNet.
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