Stevanato Group S.p.A. Announces Dividend of $0.05 (NYSE:STVN)

Stevanato Group S.p.A. (NYSE:STVNGet Free Report) declared a dividend on Saturday, June 1st, investing.com reports. Investors of record on Wednesday, June 5th will be given a dividend of 0.053 per share on Saturday, June 15th. This represents a yield of 0.29%. The ex-dividend date of this dividend is Tuesday, June 4th.

Stevanato Group has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stevanato Group to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 8.7%.

Stevanato Group Stock Performance

Shares of NYSE:STVN opened at €20.32 ($22.09) on Friday. The company has a 50 day moving average price of €25.99 and a two-hundred day moving average price of €28.10. The company has a quick ratio of 1.35, a current ratio of 1.92 and a debt-to-equity ratio of 0.21. Stevanato Group has a 52 week low of €18.85 ($20.49) and a 52 week high of €36.30 ($39.46).

Stevanato Group (NYSE:STVNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported €0.09 ($0.10) EPS for the quarter, missing analysts’ consensus estimates of €0.12 ($0.13) by (€0.03) (($0.03)). The firm had revenue of €256.24 million during the quarter, compared to the consensus estimate of €261.28 million. Stevanato Group had a net margin of 12.57% and a return on equity of 12.61%. As a group, analysts forecast that Stevanato Group will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

STVN has been the subject of several research analyst reports. BNP Paribas started coverage on Stevanato Group in a research report on Monday, April 22nd. They issued an “outperform” rating for the company. Stephens reiterated an “overweight” rating and issued a $38.00 price target on shares of Stevanato Group in a report on Monday, March 25th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $30.00 price objective on shares of Stevanato Group in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stevanato Group has an average rating of “Moderate Buy” and a consensus target price of €34.29 ($37.27).

Read Our Latest Research Report on STVN

About Stevanato Group

(Get Free Report)

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.

Further Reading

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