Pollard Banknote (TSE:PBL) Releases Quarterly Earnings Results

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

Pollard Banknote Price Performance

Pollard Banknote stock remained flat at C$17.15 during midday trading on Wednesday. 3,773 shares of the company traded hands, compared to its average volume of 25,284. Pollard Banknote has a 1-year low of C$15.70 and a 1-year high of C$23.46. The company has a market capitalization of C$464.22 million, a PE ratio of 17.86 and a beta of 1.06. The stock’s 50-day simple moving average is C$17.22 and its 200-day simple moving average is C$17.86. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 45.17.

Pollard Banknote Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio (DPR) is presently 20.83%.

Analyst Upgrades and Downgrades

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