St. Jude Medical, Inc. Declares Quarterly Dividend of $0.27 (STJ)
St. Jude Medical (NYSE:STJ) announced a quarterly dividend on Monday, February 24th, AnalystRatings.Net reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.27 per share on Wednesday, April 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%.
A number of research firms have recently commented on STJ. Analysts at Raymond James downgraded shares of St. Jude Medical from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of St. Jude Medical in a research note on Monday, February 10th. They now have a $74.00 price target on the stock. Finally, analysts at William Blair upgraded shares of St. Jude Medical from a “market perform” rating to an “outperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $59.32.
Shares of St. Jude Medical (NYSE:STJ) opened at 67.25 on Monday. St. Jude Medical has a 52 week low of $39.79 and a 52 week high of $68.39. The stock has a 50-day moving average of $64.04 and a 200-day moving average of $57.91. The company has a market cap of $19.919 billion and a P/E ratio of 27.30.
St. Jude Medical (NYSE:STJ) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that St. Jude Medical will post $3.98 EPS for the current fiscal year.
St. Jude Medical, Inc (NYSE:STJ) develops, manufactures and distributes cardiovascular medical devices.
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