Pollard Banknote (TSE:PBL) Announces Earnings Results

Pollard Banknote (TSE:PBL) posted its quarterly earnings data on Wednesday. The company reported C$0.32 earnings per share for the quarter, FiscalAI reports. Pollard Banknote had a net margin of 4.47% and a return on equity of 7.15%. The firm had revenue of C$154.83 million for the quarter.

Pollard Banknote Stock Performance

Shares of PBL stock traded up C$0.78 during trading on Friday, reaching C$18.09. The company had a trading volume of 3,611 shares, compared to its average volume of 25,175. The firm’s 50 day simple moving average is C$17.27 and its two-hundred day simple moving average is C$17.83. Pollard Banknote has a one year low of C$15.70 and a one year high of C$23.46. The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.00. The company has a market capitalization of C$489.66 million, a PE ratio of 18.84 and a beta of 1.06.

Pollard Banknote Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio is 20.83%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PBL. ATB Cormark Capital Markets dropped their target price on shares of Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Raymond James Financial downgraded Pollard Banknote from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$29.00 to C$21.50 in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$29.17.

About Pollard Banknote

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.