Aceto Corporation (ACET) Announces Quarterly Dividend of $0.07

Aceto Corporation (NASDAQ:ACET) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Investors of record on Monday, December 18th will be given a dividend of 0.065 per share on Thursday, December 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.47%.

Aceto (NASDAQ ACET) traded down $0.22 during trading hours on Thursday, hitting $10.52. The company had a trading volume of 220,000 shares, compared to its average volume of 316,009. The company has a current ratio of 2.06, a quick ratio of 1.46 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $322.35, a P/E ratio of 8.95, a P/E/G ratio of 1.00 and a beta of 1.38. Aceto has a twelve month low of $8.29 and a twelve month high of $22.46.

Aceto (NASDAQ:ACET) last released its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $185.26 million for the quarter, compared to the consensus estimate of $190.58 million. Aceto had a return on equity of 10.18% and a net margin of 1.07%. Aceto’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. research analysts anticipate that Aceto will post 1.07 EPS for the current year.

A number of analysts recently issued reports on ACET shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 target price (down previously from $19.00) on shares of Aceto in a research report on Monday, August 28th. ValuEngine raised Aceto from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research raised Aceto from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.00.

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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.

Dividend History for Aceto (NASDAQ:ACET)

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