CLARCOR Inc. (CLC) Announces Quarterly Dividend of $0.17
CLARCOR (NYSE:CLC) declared a quarterly dividend on Tuesday, June 24th, American Banking & Market News reports. Investors of record on Monday, July 7th will be given a dividend of 0.17 per share on Friday, July 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of CLARCOR from a “neutral” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $65.80 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of CLARCOR from $60.00 to $62.00 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock. Finally, analysts at BB&T Corp. upgraded shares of CLARCOR from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call.
Shares of CLARCOR (NYSE:CLC) traded down 1.83% during mid-day trading on Tuesday, hitting $60.57. The stock had a trading volume of 293,994 shares. CLARCOR has a 52 week low of $51.29 and a 52 week high of $65.08. The stock has a 50-day moving average of $58.31 and a 200-day moving average of $58.23. The company has a market cap of $3.060 billion and a price-to-earnings ratio of 25.92.
CLARCOR (NYSE:CLC) last announced its earnings results on Wednesday, June 18th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.14. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $364.30 million. During the same quarter last year, the company posted $0.66 earnings per share. CLARCOR’s revenue was up 34.4% compared to the same quarter last year. On average, analysts predict that CLARCOR will post $2.79 earnings per share for the current fiscal year.
CLARCOR Inc (NYSE:CLC) is a provider of filtration products, filtration systems and services, and consumer and industrial packaging products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.