Stevanato Group S.p.A. (STVN) To Go Ex-Dividend on June 4th

Stevanato Group S.p.A. (NYSE:STVNGet Free Report) declared a dividend on Saturday, June 1st, investing.com reports. Investors of record on Wednesday, June 5th will be paid a dividend of 0.053 per share on Saturday, June 15th. This represents a yield of 0.29%. The ex-dividend date of this dividend is Tuesday, June 4th.

Stevanato Group has a payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stevanato Group to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 8.7%.

Stevanato Group Stock Up 3.8 %

Stevanato Group stock traded up €0.75 ($0.82) during mid-day trading on Friday, hitting €20.32 ($22.09). The company’s stock had a trading volume of 650,300 shares, compared to its average volume of 901,014. Stevanato Group has a 1 year low of €18.85 ($20.49) and a 1 year high of €36.30 ($39.46). The company has a current ratio of 1.92, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is €25.99 and its two-hundred day moving average is €28.09.

Stevanato Group (NYSE:STVNGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported €0.09 ($0.10) earnings per share for the quarter, missing the consensus estimate of €0.12 ($0.13) by (€0.03) (($0.03)). The business had revenue of €256.24 million during the quarter, compared to analysts’ expectations of €261.28 million. Stevanato Group had a return on equity of 12.61% and a net margin of 12.57%. Sell-side analysts expect that Stevanato Group will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

STVN has been the subject of a number of research reports. Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of Stevanato Group in a research note on Monday, March 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 target price on shares of Stevanato Group in a research report on Monday, April 22nd. Finally, BNP Paribas assumed coverage on shares of Stevanato Group in a research report on Monday, April 22nd. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of €34.29 ($37.27).

Check Out Our Latest Research Report on STVN

Stevanato Group Company Profile

(Get Free Report)

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.

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