Tesco Corp. Plans Quarterly Dividend of $0.05 (TESO)
Tesco Corp. (NASDAQ:TESO) announced a quarterly dividend on Friday, August 8th, StockRatingsNetwork reports. Stockholders of record on Friday, August 22nd will be paid a dividend of 0.05 per share on Tuesday, September 2nd. This represents a $0.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, August 20th.
A number of analysts have recently weighed in on TESO shares. Analysts at Global Hunter Securities cut their price target on shares of Tesco Corp. from $22.00 to $1.00 in a research note on Wednesday. Analysts at Cowen and Company raised their price target on shares of Tesco Corp. from $20.00 to $24.00 in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $258.80.
Tesco Corp. (NASDAQ:TESO) traded up 1.74% during mid-day trading on Friday, hitting $19.32. The stock had a trading volume of 412,319 shares. Tesco Corp. has a one year low of $14.23 and a one year high of $22.50. The stock has a 50-day moving average of $20.69 and a 200-day moving average of $20.14. The company has a market cap of $776.7 million and a price-to-earnings ratio of 23.16.
Tesco Corp. (NASDAQ:TESO) last released its earnings data on Friday, August 1st. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.01. The company had revenue of $145.10 million for the quarter, compared to the consensus estimate of $143.08 million. During the same quarter last year, the company posted $0.26 earnings per share. Tesco Corp.’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Tesco Corp. will post $1.21 earnings per share for the current fiscal year.
Tesco Corporation (NASDAQ:TESO) is engaged in designing, manufacturing, and service delivery of technology based solutions for the upstream energy industry.
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