Arctic Cat Inc. (ACAT) Announces Quarterly Dividend of $0.13
Arctic Cat (NASDAQ:ACAT) declared a quarterly dividend on Thursday, May 15th, Analyst Ratings Net reports. Investors of record on Friday, May 30th will be given a dividend of 0.125 per share on Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.29%.
On a related note, analysts at Zacks upgraded shares of Arctic Cat from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $49.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.45.
Shares of Arctic Cat (NASDAQ:ACAT) opened at 38.91 on Thursday. Arctic Cat has a 1-year low of $37.76 and a 1-year high of $61.13. The stock’s 50-day moving average is $43.46 and its 200-day moving average is $49.20. The company has a market cap of $511.4 million and a price-to-earnings ratio of 15.39.
Arctic Cat (NASDAQ:ACAT) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.02. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $154.20 million. On average, analysts predict that Arctic Cat will post $2.90 earnings per share for the current fiscal year.
Arctic Cat Inc designs, engineers, manufacture and market snowmobiles and all-terrain vehicles (NASDAQ:ACAT) under the Arctic Cat brand name, as well as related parts, garments and accessories (PG&A).
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