Axiall Corp Declares Quarterly Dividend of $0.16 (AXLL)
Axiall Corp (NASDAQ:AXLL) announced a quarterly dividend on Wednesday, August 13th, StockRatingsNetwork reports. Shareholders of record on Friday, September 26th will be paid a dividend of 0.16 per share on Friday, October 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.63%.
A number of analysts have recently weighed in on AXLL shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Axiall Corp in a research note on Thursday, July 10th. They now have a $48.00 price target on the stock, down previously from $49.00. Analysts at Cowen and Company reiterated an “outperform” rating on shares of Axiall Corp in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $52.20.
Shares of Axiall Corp (NASDAQ:AXLL) traded up 0.53% on Wednesday, hitting $39.59. The stock had a trading volume of 1,060,732 shares. Axiall Corp has a 52 week low of $36.31 and a 52 week high of $50.61. The stock’s 50-day moving average is $44.95 and its 200-day moving average is $44.55. The company has a market cap of $2.778 billion and a price-to-earnings ratio of 24.81.
Axiall Corp (NASDAQ:AXLL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Axiall Corp will post $2.01 earnings per share 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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