Desjardins Analysts Decrease Earnings Estimates for Quebecor (QBR)

Quebecor (TSE:QBR) – Desjardins lowered their FY2018 EPS estimates for shares of Quebecor in a note issued to investors on Monday, April 9th, according to Zacks Investment Research. Desjardins analyst M. Yaghi now forecasts that the company will post earnings per share of $1.41 for the year, down from their previous forecast of $1.43. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Quebecor’s FY2019 earnings at $1.72 EPS.

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Quebecor (TSE:QBR) last released its earnings results on Wednesday, March 14th. The company reported C$0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.37 by C($0.04). The company had revenue of C$1.06 billion during the quarter, compared to analysts’ expectations of C$1.07 billion.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Friday, March 30th will be paid a dividend of $0.027 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.11 annualized dividend and a yield of Infinity.

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Earnings History and Estimates for Quebecor (TSE:QBR)

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