Aceto (ACET) Given Media Sentiment Score of -0.36
News stories about Aceto (NASDAQ:ACET) have trended negative on Friday, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aceto earned a media sentiment score of -0.36 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Aceto (NASDAQ:ACET) opened at 15.21 on Friday. Aceto has a 1-year low of $14.31 and a 1-year high of $25.98. The stock has a 50 day moving average price of $15.08 and a 200 day moving average price of $18.05. The firm has a market capitalization of $458.02 million, a price-to-earnings ratio of 21.54 and a beta of 1.50.
Aceto (NASDAQ:ACET) last posted its earnings results on Thursday, February 2nd. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The business had revenue of $125.60 million for the quarter, compared to the consensus estimate of $136.65 million. Aceto had a return on equity of 11.70% and a net margin of 3.84%. The business’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Analysts predict that Aceto will post $1.50 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were issued a dividend of $0.065 per share. The ex-dividend date was Wednesday, March 8th. This represents a $0.26 annualized dividend and a yield of 1.71%. Aceto’s dividend payout ratio is presently 36.62%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered Aceto from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 8th. TheStreet lowered Aceto from a “b-” rating to a “c” rating in a research note on Friday, February 3rd. Craig Hallum lowered Aceto from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. Finally, First Analysis lowered Aceto from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 31st.
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In other Aceto news, insider Frank Debenedittis sold 3,600 shares of Aceto stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $14.94, for a total transaction of $53,784.00. Following the transaction, the insider now directly owns 82,625 shares in the company, valued at $1,234,417.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.
Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.
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