C.R. Bard, Inc. Announces Quarterly Dividend of $0.22 (BCR)
C.R. Bard (NYSE:BCR) announced a quarterly dividend on Wednesday, June 11th, Stock Ratings Network reports. Investors of record on Monday, July 21st will be paid a dividend of 0.22 per share on Friday, August 1st. This represents a $0.88 annualized dividend and a dividend yield of 0.64%.
A number of research firms have recently commented on BCR. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of C.R. Bard in a research note on Tuesday, June 3rd. They now have a $127.00 price target on the stock, up previously from $120.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of C.R. Bard in a research note on Thursday, April 24th. They now have a $143.00 price target on the stock. Finally, analysts at Bank of America downgraded shares of C.R. Bard from a “buy” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $139.13.
C.R. Bard (NYSE:BCR) traded down 2.18% during mid-day trading on Wednesday, hitting $137.98. The stock had a trading volume of 2,353,470 shares. C.R. Bard has a one year low of $103.82 and a one year high of $150.13. The stock has a 50-day moving average of $143.8 and a 200-day moving average of $139.7. The company has a market cap of $10.522 billion and a P/E ratio of 15.32.
C.R. Bard (NYSE:BCR) last announced its earnings results on Tuesday, April 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.06. The company had revenue of $799.30 million for the quarter, compared to the consensus estimate of $787.10 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that C.R. Bard will post $8.26 earnings per share for the current fiscal year.
In other C.R. Bard news, CEO Timothy M. Ring unloaded 10,231 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $147.50, for a total value of $1,509,072.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.
C. R. Bard, Inc (NYSE:BCR) is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices.
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