Today, Phibro Animal Health Corp. (PAHC) to Issue Quarterly Dividend of $0.10 on December 21st

Today, Phibro Animal Health Corp. (PAHC) to Issue Quarterly Dividend of $0.10 on  December 21st

Phibro Animal Health Corp. (NASDAQ:PAHC) declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.10 per share on Wednesday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, November 28th.

Phibro Animal Health Corp. (NASDAQ:PAHC) opened at 28.00 on Friday. The stock’s 50 day moving average is $26.73 and its 200 day moving average is $22.82. Phibro Animal Health Corp. has a one year low of $16.80 and a one year high of $35.69. The firm has a market cap of $1.10 billion, a P/E ratio of 14.66 and a beta of 1.38.

Phibro Animal Health Corp. (NASDAQ:PAHC) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Phibro Animal Health Corp. had a return on equity of 75.49% and a net margin of 10.13%. The company earned $188 million during the quarter, compared to analyst estimates of $188.85 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that Phibro Animal Health Corp. will post $1.42 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised its position in Phibro Animal Health Corp. by 0.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 134,520 shares of the company’s stock valued at $3,655,000 after buying an additional 1,100 shares in the last quarter. Panagora Asset Management Inc. raised its position in Phibro Animal Health Corp. by 125.3% in the third quarter. Panagora Asset Management Inc. now owns 7,987 shares of the company’s stock valued at $217,000 after buying an additional 4,442 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in Phibro Animal Health Corp. during the third quarter valued at about $863,000. The Manufacturers Life Insurance Company bought a new position in Phibro Animal Health Corp. during the third quarter valued at about $385,000. Finally, Principal Financial Group Inc. raised its position in Phibro Animal Health Corp. by 2.8% in the third quarter. Principal Financial Group Inc. now owns 135,086 shares of the company’s stock valued at $3,672,000 after buying an additional 3,665 shares in the last quarter. Hedge funds and other institutional investors own 47.58% of the company’s stock.

PAHC has been the subject of a number of research analyst reports. Morgan Stanley set a $23.00 price target on Phibro Animal Health Corp. and gave the stock a “sell” rating in a report on Sunday, September 4th. Gabelli lowered Phibro Animal Health Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Macquarie lowered Phibro Animal Health Corp. from a “neutral” rating to an “underperform” rating and set a $21.00 target price for the company. in a research note on Friday, November 11th. Zacks Investment Research lowered Phibro Animal Health Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Finally, Guggenheim set a $30.00 target price on Phibro Animal Health Corp. and gave the company a “buy” rating in a research note on Monday, September 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Phibro Animal Health Corp. currently has a consensus rating of “Hold” and a consensus price target of $26.80.

Phibro Animal Health Corp. Company Profile

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