Stifel Canada Issues Negative Outlook for TSE:JWE Earnings

Jamieson Wellness Inc. (TSE:JWE) – Equities research analysts at Stifel Canada cut their Q3 2024 EPS estimates for Jamieson Wellness in a note issued to investors on Wednesday, October 30th. Stifel Canada analyst J. Keywood now expects that the company will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.47. Stifel Canada also issued estimates for Jamieson Wellness’ FY2024 earnings at $1.54 EPS.

Jamieson Wellness Price Performance

Jamieson Wellness (TSE:JWE) last announced its earnings results on Thursday, August 8th. The company reported C$0.35 earnings per share for the quarter, missing the consensus estimate of C$0.37 by C($0.02). The firm had revenue of C$184.81 million during the quarter, compared to the consensus estimate of C$182.25 million.

Jamieson Wellness Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 30th. This represents a $0.84 annualized dividend and a yield of ∞. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19.