Aceto Corporation (ACET) to Issue Quarterly Dividend of $0.07 on December 28th
Aceto Corporation (NASDAQ:ACET) declared a quarterly dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.065 per share on Thursday, December 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, December 15th.
Aceto (NASDAQ ACET) opened at $10.52 on Friday. Aceto has a 12-month low of $8.29 and a 12-month high of $22.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.46 and a current ratio of 2.06. The stock has a market capitalization of $322.35, a price-to-earnings ratio of 8.77, a PEG ratio of 0.98 and a beta of 1.38.
Aceto (NASDAQ:ACET) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Aceto had a return on equity of 10.18% and a net margin of 1.07%. The business had revenue of $185.26 million for the quarter, compared to the consensus estimate of $190.58 million. During the same quarter in the prior year, the company earned $0.28 EPS. The business’s revenue was up 44.7% compared to the same quarter last year. research analysts forecast that Aceto will post 1.07 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on ACET shares. Canaccord Genuity set a $15.00 price target on Aceto and gave the stock a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research cut Aceto from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, ValuEngine upgraded Aceto from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.00.
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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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