Insider Selling: Intertape Polymer Group (ITP) Director Sells 10,400 Shares of Stock

Intertape Polymer Group (TSE:ITP) Director Melbourne F. Yull sold 10,400 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of C$20.79, for a total transaction of C$216,216.00.

Intertape Polymer Group stock opened at C$20.35 on Friday. The firm has a market cap of $1,270.00, a price-to-earnings ratio of 12.64 and a beta of 0.76. Intertape Polymer Group has a fifty-two week low of C$17.49 and a fifty-two week high of C$25.41.

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Intertape Polymer Group (TSE:ITP) last issued its earnings results on Thursday, March 8th. The company reported C$0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.30 by C($0.05). The firm had revenue of C$301.52 million for the quarter, compared to analyst estimates of C$301.80 million. Intertape Polymer Group had a return on equity of 32.31% and a net margin of 7.92%.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, March 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.54%. Intertape Polymer Group’s payout ratio is 34.78%.

Separately, Royal Bank of Canada boosted their target price on shares of Intertape Polymer Group from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday, March 9th.

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About Intertape Polymer Group

Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.

Insider Buying and Selling by Quarter for Intertape Polymer Group (TSE:ITP)

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