Transcontinental Inc. (TCL) to Post FY2018 Earnings of $2.81 Per Share, Cormark Forecasts

Transcontinental Inc. (TSE:TCL) – Analysts at Cormark lifted their FY2018 earnings per share (EPS) estimates for shares of Transcontinental in a report issued on Thursday, Zacks Investment Research reports. Cormark analyst D. Mcfadgen now anticipates that the company will earn $2.81 per share for the year, up from their previous estimate of $2.80. Cormark also issued estimates for Transcontinental’s FY2019 earnings at $2.95 EPS.

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Separately, National Bank Financial upgraded Transcontinental from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Thursday, October 26th.

Shares of Transcontinental (TSE TCL) traded up C$0.09 during trading on Monday, reaching C$27.89. The company had a trading volume of 54,489 shares, compared to its average volume of 104,225. Transcontinental has a 1-year low of C$17.55 and a 1-year high of C$31.95.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Monday, October 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.87%.

Transcontinental Company Profile

Transcontinental Inc is a printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States.

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Earnings History and Estimates for Transcontinental (TSE:TCL)

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