Axiall Corp (AXLL) Plans Quarterly Dividend of $0.08
Axiall Corp (NASDAQ:AXLL) announced a quarterly dividend on Tuesday, March 5th. Investors of record on Thursday, March 28th will be paid a dividend of $0.08 per share on Wednesday, April 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.57%.
A number of analysts have recently weighed in on AXLL shares. Analysts at Citigroup initiated coverage on shares of Axiall Corp in a research note to investors on Thursday, February 28th. They set a “neutral” rating and a $60.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at Dahlman Rose raised their price target on shares of Axiall Corp from $53.00 to $64.00 in a research note to investors on Thursday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Axiall Corp from $46.00 to $56.00 in a research note to investors on Thursday, February 14th. They now have a “neutral” rating on the stock.
Two analysts have rated the stock with a buy rating, one has assigned an overweight rating, and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “overweight” and an average target price of $47.08.
Shares of Axiall Corp (AXLL) traded down 0.87% during mid-day trading on Tuesday, hitting $55.96. Axiall Corp (AXLL) has a 52 week low of $23.80 and a 52 week high of $61.00. The stock’s 50-day moving average is currently $53.92. The company has a market cap of $1.933 billion and a P/E ratio of 16.36.
Axiall Corp last posted its quarterly earnings results on Tuesday, February 12th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The company had revenue of $784.70 million for the quarter, compared to the consensus estimate of $795.71 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Axiall Corp (AXLL) will post $5.15 EPS for the current fiscal year.
Axiall Corporation, formerly Georgia Gulf Corporation, is a manufacturer and an international marketer of chlorovinyl and aromatic chemicals and also manufacture and market vinyl-based building and home improvement products.
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