News stories about Solectron (NASDAQ:SLRC) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Solectron earned a news impact score of 0.04 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.1988176020286 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of analysts have issued reports on SLRC shares. BidaskClub downgraded shares of Solectron from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. National Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Solectron in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Solectron from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Finally, ValuEngine downgraded shares of Solectron from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $23.67.
Shares of Solectron opened at $21.49 on Tuesday, MarketBeat.com reports. Solectron has a 1-year low of $19.70 and a 1-year high of $22.55. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.59. The company has a market cap of $906.07 million, a PE ratio of 13.27, a PEG ratio of 2.38 and a beta of 0.54.
Solectron (NASDAQ:SLRC) last issued its quarterly earnings results on Monday, May 7th. The financial services provider reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Solectron had a net margin of 49.57% and a return on equity of 7.69%. The company had revenue of $38.96 million during the quarter, compared to the consensus estimate of $37.99 million. research analysts forecast that Solectron will post 1.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Thursday, June 21st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date is Wednesday, June 20th. Solectron’s dividend payout ratio (DPR) is presently 101.23%.
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