Kewaunee Scientific (NASDAQ:KEQU) released its earnings results on Tuesday, December 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Kewaunee Scientific had a net margin of 3.28% and a return on equity of 10.77%. The company had revenue of $41.47 million for the quarter.
Shares of Kewaunee Scientific (NASDAQ KEQU) traded up $0.55 on Thursday, hitting $29.20. 336 shares of the stock were exchanged, compared to its average volume of 3,342. Kewaunee Scientific has a fifty-two week low of $20.95 and a fifty-two week high of $31.20. The firm has a market cap of $78.84, a price-to-earnings ratio of 17.40 and a beta of 0.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.58 and a quick ratio of 1.79.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.33%. Kewaunee Scientific’s payout ratio is 40.72%.
A hedge fund recently raised its stake in Kewaunee Scientific stock. Vanguard Group Inc. increased its stake in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 38.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,560 shares of the technology company’s stock after acquiring an additional 16,400 shares during the quarter. Vanguard Group Inc. owned about 2.20% of Kewaunee Scientific worth $1,486,000 at the end of the most recent quarter. Institutional investors and hedge funds own 36.68% of the company’s stock.
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About Kewaunee Scientific
Kewaunee Scientific Corporation is engaged in the design, manufacture and installation of laboratory, healthcare and technical furniture products. The Company’s products include steel, wood and laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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