AMCOL International Corp. Sets New 1-Year High Following Dividend Announcement (ACO)
AMCOL International Corp. (NYSE:ACO) reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend, Stock Ratings Network reports. The company traded as high as $41.67 and last traded at $41.26, with a volume of 2,615,519 shares trading hands. The stock had previously closed at $36.72.
The newly announced dividend is scheduled for Wednesday, April 9th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.18%.
A number of analysts have recently weighed in on ACO shares. Analysts at Sidoti downgraded shares of AMCOL International Corp. to a “neutral” rating in a research note on Wednesday. Separately, analysts at TheStreet upgraded shares of AMCOL International Corp. from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at Zacks upgraded shares of AMCOL International Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, December 30th. They now have a $35.10 price target on the stock.
The stock’s 50-day moving average is $34.29 and its 200-day moving average is $33.06. The company has a market cap of $1.348 billion and a P/E ratio of 38.57.
AMCOL International Corp. (NYSE:ACO) last announced its earnings results on Friday, January 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.01. The company had revenue of $258.50 million for the quarter, compared to the consensus estimate of $248.82 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that AMCOL International Corp. will post $2.26 EPS for the current fiscal year.
AMCOL International Corporation is focused the development and application of minerals and technology products and services to various industrial and consumer markets.
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