Precision Castparts (NYSE:PCP) announced a quarterly dividend on Thursday, February 14th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.03 per share on Monday, April 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.06%.
A number of research firms have also recently commented on PCP. Analysts at Barclays Capital raised their price target on shares of Precision Castparts from $200.00 to $220.00 in a research note to investors on Friday, January 25th. They now have an “overweight” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Precision Castparts in a research note to investors on Friday, January 25th. They now have a $201.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Precision Castparts in a research note to investors on Friday, January 25th. They now have a $190.00 price target on the stock, up previously from $170.00.
Eighteen equities research analysts have rated the stock with a buy rating, and five have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “buy” and an average price target of $219.11.
Shares of Precision Castparts (PCP) traded down 0.19% during mid-day trading on Thursday, hitting $184.64. Precision Castparts (PCP) has a one year low of $150.53 and a one year high of $194.95. The stock’s 50-day moving average is currently $187.7. The company has a market cap of $27.041 billion and a P/E ratio of 20.09.
Precision Castparts last issued its quarterly earnings data on Thursday, January 24th. The company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by $0.08. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Precision Castparts (PCP) will post $9.80 EPS for the current fiscal year.
Precision Castparts Corp. (PCC) is a manufacturer of metal components and products, provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.