Rockwood Holdings, Inc. (ROC) Declares Quarterly Dividend of $0.45
Rockwood Holdings (NYSE:ROC) declared a quarterly dividend on Thursday, August 28th, AnalystRatings.NET reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.45 per share on Thursday, September 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.26%.
On a related note, analysts at Goldman Sachs upgraded shares of Rockwood Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $89.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rockwood Holdings has a consensus rating of “Buy” and an average target price of $82.60.
Shares of Rockwood Holdings (NYSE:ROC) opened at 79.80 on Thursday. Rockwood Holdings has a one year low of $62.37 and a one year high of $86.18. The stock’s 50-day moving average is $80.14 and its 200-day moving average is $75.98. The company has a market cap of $5.685 billion and a price-to-earnings ratio of 3.64.
Rockwood Holdings (NYSE:ROC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $362.30 million for the quarter, compared to the consensus estimate of $370.03 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Rockwood Holdings will post $2.17 EPS for the current fiscal year.
Rockwood Holdings, Inc (NYSE:ROC) is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes.
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