NYSEAM:ITP - Post by User
Post by
retiredcfon Aug 11, 2021 9:03am
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Post# 33683951
CIBC
CIBCAs this is a flash report, there's potential for them to raise their current $39.99 target. GLTA
INTERTAPE POLYMER GROUP INC.
Q2/21 Results Better Than Expected – First Glance
Impact: Slightly positive. The second quarter beat consensus EBITDA expectations by 11% or $7MM,while the company’s EBITDA guidance for the full year was raised by ~3% or $8MM at the mid-point(now ~3% above consensus), suggesting Street estimates for H2 should remain steady. ITP also bumped its quarterly dividend by 7.9% to $0.17/share (annualized yield of 2.4%)