Kewaunee Scientific (KEQU) Issues Quarterly Earnings Results
Kewaunee Scientific (NASDAQ:KEQU) released its quarterly earnings data on Tuesday. The technology company reported $0.62 earnings per share for the quarter, Bloomberg Earnings reports. Kewaunee Scientific had a net margin of 3.23% and a return on equity of 10.33%.
Kewaunee Scientific (NASDAQ:KEQU) traded down $0.40 during trading on Tuesday, reaching $27.70. 2,567 shares of the company’s stock traded hands, compared to its average volume of 3,378. The firm has a market cap of $75.04, a price-to-earnings ratio of 17.39 and a beta of 0.08. The company has a current ratio of 2.58, a quick ratio of 1.79 and a debt-to-equity ratio of 0.05. Kewaunee Scientific has a 1 year low of $20.95 and a 1 year high of $31.20.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.68 annualized dividend and a yield of 2.45%. Kewaunee Scientific’s dividend payout ratio is presently 42.77%.
An institutional investor recently raised its position in Kewaunee Scientific stock. Vanguard Group Inc. raised its stake in Kewaunee Scientific Corporation (NASDAQ:KEQU) by 38.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,560 shares of the technology company’s stock after buying an additional 16,400 shares during the quarter. Vanguard Group Inc. owned 2.20% of Kewaunee Scientific worth $1,486,000 at the end of the most recent reporting period. 36.68% of the stock is owned by institutional investors and hedge funds.
About Kewaunee Scientific
Kewaunee Scientific Corporation is engaged in the design, manufacture and installation of laboratory, healthcare and technical furniture products. The Company’s products include steel, wood and laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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