Aceto Corporation (NASDAQ:ACET) – Analysts at First Analysis raised their Q4 2017 earnings per share estimates for shares of Aceto Corporation in a report issued on Monday. First Analysis analyst S. Schwartz now expects that the brokerage will post earnings of $0.59 per share for the quarter, up from their prior forecast of $0.51. First Analysis has a “Equal Weight” rating on the stock. First Analysis also issued estimates for Aceto Corporation’s Q2 2018 earnings at $0.51 EPS and FY2018 earnings at $2.05 EPS.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Aceto Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Craig Hallum cut shares of Aceto Corporation from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Finally, TheStreet cut shares of Aceto Corporation from a “b-” rating to a “c” rating in a report on Friday, February 3rd.

Earnings History and Estimates for Aceto Corporation (NASDAQ:ACET)

“First Analysis Analysts Increase Earnings Estimates for Aceto Corporation (ACET)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be read at http://www.watchlistnews.com/first-analysis-analysts-increase-earnings-estimates-for-aceto-corporation-acet/1120622.html.

Shares of Aceto Corporation (NASDAQ:ACET) traded down 0.35% on Tuesday, reaching $15.62. 197,030 shares of the company traded hands. The stock has a 50 day moving average of $19.17 and a 200 day moving average of $20.14. Aceto Corporation has a 52-week low of $14.67 and a 52-week high of $25.98. The stock has a market cap of $470.37 million, a price-to-earnings ratio of 22.12 and a beta of 1.50.

Aceto Corporation (NASDAQ:ACET) last announced its earnings results on Thursday, February 2nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.32 by $0.08. The firm earned $125.60 million during the quarter, compared to the consensus estimate of $136.65 million. Aceto Corporation had a return on equity of 11.70% and a net margin of 3.84%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, March 8th. Aceto Corporation’s dividend payout ratio (DPR) is presently 36.62%.

In other news, insider Raymond Bartone sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $21.54, for a total value of $107,700.00. Following the completion of the transaction, the insider now owns 33,452 shares in the company, valued at $720,556.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steven Rogers sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $19.53, for a total transaction of $46,872.00. Following the completion of the transaction, the senior vice president now owns 21,280 shares of the company’s stock, valued at approximately $415,598.40. The disclosure for this sale can be found here. Insiders sold 49,248 shares of company stock valued at $994,909 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

“First Analysis Analysts Increase Earnings Estimates for Aceto Corporation (ACET)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be read at http://www.watchlistnews.com/first-analysis-analysts-increase-earnings-estimates-for-aceto-corporation-acet/1120622.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACET. Catalyst Capital Advisors LLC bought a new position in Aceto Corporation during the third quarter valued at $104,000. Mason Street Advisors LLC bought a new position in Aceto Corporation during the second quarter valued at $127,000. Sunbelt Securities Inc. bought a new position in Aceto Corporation during the fourth quarter valued at $154,000. Palisade Capital Management LLC NJ bought a new position in Aceto Corporation during the third quarter valued at $190,000. Finally, Tudor Investment Corp Et Al bought a new position in Aceto Corporation during the fourth quarter valued at $334,000. Institutional investors own 85.95% of the company’s stock.

About Aceto Corporation

Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.

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