West Pharmaceutical Services, Inc. Declares Quarterly Dividend of $0.13 (NYSE:WST)

West Pharmaceutical Services, Inc. (NYSE:WST) announced a quarterly dividend on Tuesday, May 16th, Wall Street Journal reports. Shareholders of record on Wednesday, July 19th will be paid a dividend of 0.13 per share by the medical instruments supplier on Wednesday, August 2nd. This represents a $0.52 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, July 17th.

West Pharmaceutical Services has increased its dividend payment by an average of 8.4% annually over the last three years and has increased its dividend annually for the last 24 consecutive years. West Pharmaceutical Services has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect West Pharmaceutical Services to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 18.7%.

West Pharmaceutical Services (NYSE:WST) opened at 94.46 on Wednesday. The stock’s 50 day moving average is $95.89 and its 200 day moving average is $88.40. West Pharmaceutical Services has a 12-month low of $70.17 and a 12-month high of $99.91. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 39.10 and a beta of 1.12.

West Pharmaceutical Services (NYSE:WST) last announced its earnings results on Thursday, April 27th. The medical instruments supplier reported $0.81 EPS for the quarter, beating the consensus estimate of $0.55 by $0.26. West Pharmaceutical Services had a return on equity of 14.89% and a net margin of 11.88%. The business had revenue of $387.70 million during the quarter, compared to the consensus estimate of $380.42 million. During the same period in the prior year, the business posted $0.53 earnings per share. West Pharmaceutical Services’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that West Pharmaceutical Services will post $2.73 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/07/26/west-pharmaceutical-services-inc-nysewst-to-go-ex-dividend-on-july-17th-updated.html.

In other West Pharmaceutical Services news, VP Daniel Malone sold 4,124 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $93.31, for a total transaction of $384,810.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William J. Federici sold 54,996 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $95.45, for a total value of $5,249,368.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

WST has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $90.00 price target (up from $82.00) on shares of West Pharmaceutical Services in a research report on Friday, April 28th. Zacks Investment Research upgraded West Pharmaceutical Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Finally, BidaskClub downgraded West Pharmaceutical Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $90.18.

West Pharmaceutical Services Company Profile

West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.

Dividend History for West Pharmaceutical Services (NYSE:WST)

Receive News & Ratings for West Pharmaceutical Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Pharmaceutical Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply