Phibro Animal Health Co. (PAHC) To Go Ex-Dividend on May 31st

Phibro Animal Health Co. (NASDAQ:PAHC – Get Rating) announced a quarterly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Wednesday, June 1st will be given a dividend of 0.12 per share on Wednesday, June 22nd. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Tuesday, May 31st.

Phibro Animal Health has increased its dividend by an average of 4.6% per year over the last three years. Phibro Animal Health has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Phibro Animal Health to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 33.3%.

Phibro Animal Health stock opened at $19.53 on Friday. The stock has a market cap of $790.97 million, a PE ratio of 13.47 and a beta of 0.56. The firm’s 50-day simple moving average is $19.17 and its 200 day simple moving average is $20.03. Phibro Animal Health has a fifty-two week low of $17.28 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.59 and a current ratio of 2.92.

Phibro Animal Health (NASDAQ:PAHC – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Phibro Animal Health had a net margin of 6.48% and a return on equity of 21.06%. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, analysts predict that Phibro Animal Health will post 1.36 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in PAHC. Squarepoint Ops LLC purchased a new position in shares of Phibro Animal Health in the fourth quarter worth approximately $241,000. First Republic Investment Management Inc. purchased a new position in shares of Phibro Animal Health in the first quarter worth approximately $248,000. MetLife Investment Management LLC increased its position in shares of Phibro Animal Health by 51.1% in the first quarter. MetLife Investment Management LLC now owns 15,103 shares of the company’s stock worth $301,000 after acquiring an additional 5,110 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Phibro Animal Health in the first quarter worth approximately $327,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Phibro Animal Health by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,533 shares of the company’s stock worth $350,000 after acquiring an additional 2,161 shares in the last quarter. 50.06% of the stock is currently owned by institutional investors.

Separately, StockNews.com downgraded shares of Phibro Animal Health from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 5th.

Phibro Animal Health Company Profile (Get Rating)

Phibro Animal Health Corporation develops, manufactures, and supplies a range of animal health and mineral nutrition products for livestock primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.

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