Aperam S.A. Announces Dividend of $0.48 (OTCMKTS:APEMY)

Aperam S.A. (OTCMKTS:APEMY – Get Rating) announced a dividend on Friday, May 13th, investing.com reports. Investors of record on Monday, May 16th will be given a dividend of 0.4804 per share on Friday, June 10th. This represents a dividend yield of 4.94%. The ex-dividend date is Friday, May 13th.

Aperam stock opened at $36.90 on Friday. The stock’s 50 day moving average price is $42.39 and its 200 day moving average price is $50.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 0.95. The company has a market cap of $2.95 billion, a PE ratio of 2.59 and a beta of 1.89. Aperam has a 1-year low of $35.10 and a 1-year high of $65.15.

Aperam (OTCMKTS:APEMY – Get Rating) last posted its earnings results on Friday, February 11th. The company reported $6.34 EPS for the quarter. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.75 billion. Aperam had a return on equity of 35.07% and a net margin of 18.82%. On average, equities research analysts anticipate that Aperam will post 11.15 EPS for the current fiscal year.

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their target price on Aperam from €57.00 ($60.00) to €55.00 ($57.89) and set a “neutral” rating on the stock in a research report on Monday. Credit Suisse Group downgraded Aperam from an “outperform” rating to a “neutral” rating in a research report on Thursday, March 24th. Exane BNP Paribas downgraded Aperam from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 15th. Zacks Investment Research downgraded Aperam from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Morgan Stanley cut their price target on Aperam from €65.00 ($68.42) to €46.00 ($48.42) in a report on Thursday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Aperam currently has an average rating of “Hold” and an average price target of $60.00.

Aperam Company Profile (Get Rating)

Aperam SA, together with its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide. It operates through three segments: Stainless & Electrical Steel; Services & Solutions; and Alloys & Specialties. The company offers range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.

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