Beam Inc (BEAM) Announces Quarterly Dividend of $0.23
Beam (NASDAQ:BEAM) declared a quarterly dividend on Thursday, September 19th, AnalystRatingsNetwork.com reports. Investors of record on Wednesday, November 6th will be given a dividend of $0.225 per share on Monday, December 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%.
A number of analysts have recently weighed in on BEAM shares. Analysts at Argus downgraded shares of Beam (NASDAQ:BEAM) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th. They noted that the move was a valuation call. On a related note, analysts at TheStreet downgraded shares of Beam (NASDAQ:BEAM) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 30th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Beam (NASDAQ:BEAM) from $65.00 to $68.00 in a research note to investors on Friday, August 9th. They now have a “neutral” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.50.
Shares of Beam (NASDAQ:BEAM) traded down 0.79% during mid-day trading on Thursday, hitting $66.39. The stock had a trading volume of 1,264,752 shares. Beam has a 1-year low of $52.69 and a 1-year high of $69.78. The stock’s 50-day moving average is $63.83 and its 200-day moving average is $64.15. The company has a market cap of $10.750 billion and a P/E ratio of 27.68.
Beam (NASDAQ:BEAM) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.04. The company had revenue of $637.60 million for the quarter, compared to the consensus estimate of $628.58 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Beam will post $2.63 EPS for the current fiscal year.
Beam Inc (NASDAQ:BEAM) is a premium spirits company that makes and sells branded distilled spirits products in markets worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.