Spectris (LON:SXS) declared a dividend on Monday, February 19th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 24th will be given a dividend of GBX 37.50 ($0.51) per share on Friday, June 29th. This represents a yield of 1.36%. The ex-dividend date is Thursday, May 24th. This is an increase from Spectris’s previous dividend of $19.00. The official announcement can be viewed at this link.
Spectris opened at GBX 2,766 ($37.52) on Friday, MarketBeat.com reports. Spectris has a twelve month low of GBX 2,225 ($30.18) and a twelve month high of GBX 2,869 ($38.92).
Spectris (LON:SXS) last posted its earnings results on Monday, February 19th. The company reported GBX 145.10 ($1.97) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 133.40 ($1.81) by GBX 11.70 ($0.16). Spectris had a net margin of 25.86% and a return on equity of 37.36%. The firm had revenue of GBX 152.56 billion during the quarter.
In related news, insider John O’Higgins sold 2,837 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of GBX 2,701 ($36.64), for a total value of £76,627.37 ($103,943.80).
SXS has been the topic of several analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research note on Monday, March 5th. BNP Paribas reaffirmed an “outperform” rating on shares of Spectris in a research note on Thursday, April 5th. JPMorgan Chase reaffirmed an “overweight” rating and set a GBX 2,900 ($39.34) price target on shares of Spectris in a research note on Tuesday, February 20th. Liberum Capital cut shares of Spectris to a “hold” rating in a research note on Tuesday, April 3rd. Finally, Numis Securities reaffirmed a “reduce” rating and set a GBX 2,100 ($28.49) price target on shares of Spectris in a research note on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 2,809.17 ($38.11).
Spectris Company Profile
Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.
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