Q4 2017 EPS Estimates for Aceto Co. Decreased by First Analysis (ACET)
Aceto Co. (NASDAQ:ACET) – Stock analysts at First Analysis dropped their Q4 2017 earnings per share estimates for shares of Aceto in a research report issued to clients and investors on Thursday. First Analysis analyst S. Schwartz now anticipates that the company will earn $0.50 per share for the quarter, down from their prior estimate of $0.59. First Analysis currently has a “Equal Weight” rating on the stock. First Analysis also issued estimates for Aceto’s Q1 2018 earnings at $0.46 EPS and FY2018 earnings at $2.00 EPS.
Aceto (NASDAQ:ACET) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.05. Aceto had a net margin of 3.84% and a return on equity of 11.70%. The firm had revenue of $190.10 million for the quarter, compared to the consensus estimate of $195.09 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/15/q4-2017-eps-estimates-for-aceto-co-decreased-by-first-analysis-acet.html.
A number of other research analysts have also commented on ACET. Craig Hallum lowered shares of Aceto from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. TheStreet lowered shares of Aceto from a “b-” rating to a “c” rating in a research note on Friday, February 3rd. Finally, Zacks Investment Research lowered shares of Aceto from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 8th.
Shares of Aceto (NASDAQ:ACET) opened at 14.10 on Monday. The company has a market capitalization of $424.41 million, a PE ratio of 26.91 and a beta of 1.50. Aceto has a 12-month low of $13.50 and a 12-month high of $25.98. The firm’s 50-day moving average is $15.13 and its 200-day moving average is $17.58.
Hedge funds have recently bought and sold shares of the stock. Mason Street Advisors LLC increased its stake in Aceto by 7.2% in the first quarter. Mason Street Advisors LLC now owns 7,043 shares of the company’s stock worth $111,000 after buying an additional 476 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Aceto during the fourth quarter worth about $154,000. Louisiana State Employees Retirement System increased its stake in Aceto by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock worth $194,000 after buying an additional 200 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Aceto during the first quarter worth about $214,000. Finally, Arizona State Retirement System increased its stake in Aceto by 1.3% in the first quarter. Arizona State Retirement System now owns 15,649 shares of the company’s stock worth $247,000 after buying an additional 200 shares in the last quarter. 85.95% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Frank Debenedittis sold 3,600 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $14.94, for a total value of $53,784.00. Following the transaction, the insider now owns 82,625 shares in the company, valued at approximately $1,234,417.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 4.10% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.065 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.26 dividend on an annualized basis and a yield of 1.84%. Aceto’s dividend payout ratio (DPR) is currently 36.62%.
Aceto Company Profile
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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