Analogic Co. (ALOG) Plans Quarterly Dividend of $0.10
Analogic (NASDAQ:ALOG) declared a quarterly dividend on Thursday, June 5th, Analyst Ratings.Net reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.10 per share on Thursday, June 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%.
A number of analysts have recently weighed in on ALOG shares. Analysts at Zacks upgraded shares of Analogic from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $72.50 price target on the stock. On the ratings front, analysts at Sidoti upgraded shares of Analogic from a “neutral” rating to a “buy” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $91.88.
Analogic (NASDAQ:ALOG) traded up 0.59% during mid-day trading on Thursday, hitting $69.60. The stock had a trading volume of 173,479 shares. Analogic has a 1-year low of $65.63 and a 1-year high of $99.97. The stock’s 50-day moving average is $74.54 and its 200-day moving average is $85.52. The company has a market cap of $863.9 million and a price-to-earnings ratio of 26.82.
Analogic (NASDAQ:ALOG) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.94 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.09. The company had revenue of $124.00 million for the quarter, compared to the consensus estimate of $126.55 million. During the same quarter last year, the company posted $0.76 earnings per share. Analogic’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that Analogic will post $3.69 EPS for the current fiscal year.
Analogic Corporation (NASDAQ:ALOG) is a technology company.
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