Stevanato Group S.p.A. (NYSE:STVN) Plans €0.05 Annual Dividend

Stevanato Group S.p.A. (NYSE:STVN) declared an annual dividend on Friday, April 10th. Investors of record on Thursday, June 11th will be paid a dividend of 0.054 per share on Wednesday, July 29th. This represents a yield of 29.0%. The ex-dividend date is Thursday, June 11th.

Stevanato Group has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Stevanato Group to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 7.5%.

Stevanato Group Price Performance

Shares of NYSE STVN opened at €18.02 on Tuesday. Stevanato Group has a twelve month low of €12.89 and a twelve month high of €28.00. The firm has a market cap of $5.46 billion, a P/E ratio of 30.54, a PEG ratio of 1.70 and a beta of 0.78. The company has a 50 day moving average of €16.49 and a 200 day moving average of €17.75. The company has a quick ratio of 1.11, a current ratio of 1.63 and a debt-to-equity ratio of 0.21.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings data on Friday, May 8th. The company reported €0.11 earnings per share for the quarter, missing analysts’ consensus estimates of €0.12 by (€0.01). Stevanato Group had a return on equity of 10.27% and a net margin of 11.76%.The firm had revenue of €273.57 million during the quarter. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts expect that Stevanato Group will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on STVN shares. Wall Street Zen lowered shares of Stevanato Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Citigroup decreased their price objective on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings lowered shares of Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Wolfe Research began coverage on shares of Stevanato Group in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Stevanato Group currently has a consensus rating of “Moderate Buy”.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.