Symantec Corporation (SYMC) To Go Ex-Dividend on November 17th
Symantec Corporation (NASDAQ:SYMC) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.075 per share by the technology company on Wednesday, December 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, November 17th.
Shares of Symantec Corporation (SYMC) opened at $28.36 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.02 and a debt-to-equity ratio of 1.72. Symantec Corporation has a 1-year low of $23.20 and a 1-year high of $34.20. The firm has a market capitalization of $17,582.69, a PE ratio of 45.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.13.
Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.14. Symantec Corporation had a positive return on equity of 12.33% and a negative net margin of 5.29%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $0.30 EPS. The business’s revenue was up 25.7% compared to the same quarter last year. sell-side analysts predict that Symantec Corporation will post 1.05 earnings per share for the current year.
In other Symantec Corporation news, Director Anita M. Sands sold 2,000 shares of Symantec Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $33.51, for a total transaction of $67,020.00. Following the transaction, the director now owns 37,386 shares of the company’s stock, valued at approximately $1,252,804.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory S. Clark sold 186,433 shares of Symantec Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $30.00, for a total transaction of $5,592,990.00. Following the transaction, the chief executive officer now directly owns 1,321,671 shares in the company, valued at approximately $39,650,130. The disclosure for this sale can be found here. In the last three months, insiders have sold 671,985 shares of company stock worth $20,028,343. Insiders own 1.30% of the company’s stock.
A number of brokerages have weighed in on SYMC. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price target on shares of Symantec Corporation in a report on Friday, November 3rd. Barclays PLC reiterated an “overweight” rating and set a $36.00 price target (down from $38.00) on shares of Symantec Corporation in a report on Wednesday, August 9th. Evercore ISI reissued a “hold” rating and set a $25.00 price objective on shares of Symantec Corporation in a research report on Thursday, November 2nd. Morgan Stanley cut their price objective on shares of Symantec Corporation from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Symantec Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.39.
About Symantec Corporation
Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.
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