Zep (ZEP) Set to Announce Earnings on Wednesday
Zep (NYSE:ZEP) will release its Q413 earnings data on Wednesday, October 9th. Analysts expect Zep to post earnings of $0.24 per share and revenue of $179.10 million for the quarter.
Shares of Zep (NYSE:ZEP) opened at 16.06 on Tuesday. Zep has a 1-year low of $11.87 and a 1-year high of $17.04. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $14.97. The company has a market cap of $364.3 million and a P/E ratio of 18.32.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, October 15th. This is a boost from Zep’s previous quarterly dividend of $0.04.
On a related note, analysts at Zacks upgraded shares of Zep from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $15.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.50.
Zep Inc, is a provider of cleaning and maintenance chemicals and related products and services. The Company produces a range cleaning and maintenance solutions for commercial, industrial, institutional and consumer customers, which include anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products, delivery systems and automotive maintenance chemicals.
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