Axiall Corp (AXLL) Plans Quarterly Dividend of $0.16
Axiall Corp (NASDAQ:AXLL) declared a quarterly dividend on Tuesday, May 20th, American Banking & Market News reports. Stockholders of record on Friday, June 27th will be given a dividend of 0.16 per share on Friday, July 11th. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%.
AXLL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Axiall Corp in a research note on Wednesday, May 7th. They now have a $49.00 price target on the stock, down previously from $51.00. On a related note, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Axiall Corp in a research note on Wednesday, May 7th. They now have a $45.00 price target on the stock, up previously from $41.00. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.24.
Axiall Corp (NASDAQ:AXLL) traded down 2.51% on Tuesday, hitting $43.14. 426,427 shares of the company’s stock traded hands. Axiall Corp has a 52-week low of $36.31 and a 52-week high of $50.61. The stock has a 50-day moving average of $46.10 and a 200-day moving average of $44.23. The company has a market cap of $3.017 billion and a price-to-earnings ratio of 19.84.
Axiall Corp (NASDAQ:AXLL) last released its earnings data on Monday, May 5th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.01. The company had revenue of $993.70 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $0.75 earnings per share. Axiall Corp’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that Axiall Corp will post $2.80 EPS for the current fiscal year.
Axiall Corporation (NASDAQ:AXLL), formerly Georgia Gulf Corporation is a manufacturer and an international marketer of chlorovinyl and aromatic chemicals and also manufacture and market vinyl-based building and home improvement products.
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