Buckeye Technologies Announces Quarterly Dividend of $0.09 (BKI)
Buckeye Technologies (NYSE:BKI) announced a quarterly dividend on Tuesday, January 29th. Investors of record on Friday, February 15th will be paid a dividend of $0.09 per share on Friday, March 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.17%.
On the ratings front, analysts at Zacks upgraded shares of Buckeye Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 25th. They now have a $29.60 price target on the stock.
Four equities research analysts have rated the stock with a buy rating, and two have given an overweight rating to the company. The company presently has a consensus rating of “buy” and an average price target of $36.90.
Shares of Buckeye Technologies (BKI) traded down 0.29% during mid-day trading on Tuesday, hitting $30.79. Buckeye Technologies (BKI) has a 52 week low of $23.52 and a 52 week high of $35.98. The stock’s 50-day moving average is currently $29.41. The company has a market cap of $1.191 billion and a P/E ratio of 15.67.
Buckeye Technologies last released its earnings data on Tuesday, January 29th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.09. The company had revenue of $204.33 million for the quarter, compared to the consensus estimate of $206.33 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts expect that Buckeye Technologies (BKI) will post $2.77 EPS for the current fiscal year.
Buckeye Technologies Inc. (Buckeye) is a producer of cellulose-based specialty products. Buckeye is the manufacturer in the world offering cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies.
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