Q2 2019 EPS Estimates for Mediagrif Interactive Technologies Inc Cut by Desjardins (MDF)
Mediagrif Interactive Technologies Inc (TSE:MDF) – Stock analysts at Desjardins reduced their Q2 2019 earnings estimates for shares of Mediagrif Interactive Technologies in a research note issued on Wednesday, August 8th. Desjardins analyst M. Yaghi now expects that the company will earn $0.16 per share for the quarter, down from their prior estimate of $0.18. Desjardins has a “Hold” rating and a $13.00 price objective on the stock. Desjardins also issued estimates for Mediagrif Interactive Technologies’ Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.67 EPS and FY2020 earnings at $0.78 EPS.
Mediagrif Interactive Technologies (TSE:MDF) last issued its quarterly earnings results on Tuesday, June 12th. The company reported C$0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.18 by C($0.04). The business had revenue of C$20.48 million for the quarter, compared to analysts’ expectations of C$20.60 million. Mediagrif Interactive Technologies had a return on equity of 6.98% and a net margin of 11.29%.
In other news, insider De Solidarité Ftq Fonds bought 253,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was acquired at an average cost of C$11.18 per share, with a total value of C$2,829,658.00.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Monday, July 16th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Friday, June 29th.
About Mediagrif Interactive Technologies
Mediagrif Interactive Technologies Inc, through its subsidiaries, provides e-commerce solutions to private sector businesses, public sector organizations, and consumers in Canada, the United States, Asia, Europe, and internationally. Its e-business networks and solutions allow buyers and sellers to find, purchase, and sell products and services; help contractors and vendors access information on business opportunities from the government and private sectors; and offer professionals with automated and integrated business solutions to streamline the supply chain.
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