Phibro Animal Health (NASDAQ:PAHC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.68-1.72 for the period, compared to the Thomson Reuters consensus estimate of $1.75. The company issued revenue guidance of $850-875 million, compared to the consensus revenue estimate of $863.99 million.
A number of equities research analysts recently commented on the company. BidaskClub raised Phibro Animal Health from a hold rating to a buy rating in a research note on Wednesday, August 8th. Zacks Investment Research raised Phibro Animal Health from a sell rating to a buy rating and set a $53.00 price objective for the company in a research note on Thursday, August 30th. Finally, Morgan Stanley lifted their price objective on Phibro Animal Health from $36.00 to $46.00 and gave the stock an underweight rating in a research note on Wednesday, August 29th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $43.20.
Shares of Phibro Animal Health stock traded down $0.20 during trading on Tuesday, reaching $42.18. 82,909 shares of the company were exchanged, compared to its average volume of 111,820. The company has a quick ratio of 1.66, a current ratio of 2.90 and a debt-to-equity ratio of 1.62. Phibro Animal Health has a twelve month low of $32.05 and a twelve month high of $54.62. The stock has a market cap of $1.71 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.55 and a beta of 0.82.
Phibro Animal Health (NASDAQ:PAHC) last posted its earnings results on Monday, August 27th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Phibro Animal Health had a return on equity of 39.81% and a net margin of 7.90%. The firm had revenue of $211.80 million during the quarter, compared to analysts’ expectations of $209.27 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. Analysts expect that Phibro Animal Health will post 1.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.14%. This is a boost from Phibro Animal Health’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, November 27th. Phibro Animal Health’s payout ratio is presently 22.99%.
In other Phibro Animal Health news, CEO Jack Bendheim sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $50.35, for a total value of $503,500.00. Following the completion of the transaction, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at $3,021,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel M. Bendheim sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $44.30, for a total value of $110,750.00. Following the completion of the transaction, the vice president now directly owns 2,500 shares of the company’s stock, valued at $110,750. The disclosure for this sale can be found here. Over the last three months, insiders sold 183,020 shares of company stock valued at $8,971,771. Insiders own 50.29% of the company’s stock.
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About Phibro Animal Health
Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company 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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