CV Holdings Inc (NYSE:CBF) declared a quarterly dividend on Friday, July 21st, NASDAQ reports. Investors of record on Monday, August 7th will be given a dividend of 0.12 per share on Monday, August 21st. This represents a $0.48 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, August 3rd.
CV Holdings has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CV Holdings to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.8%.
CV Holdings (NYSE CBF) traded down 0.80% during trading on Friday, reaching $37.40. The company had a trading volume of 151,771 shares. CV Holdings has a one year low of $28.84 and a one year high of $45.00. The company has a market capitalization of $1.93 billion and a PE ratio of 24.77. The firm’s 50 day moving average is $38.19 and its 200 day moving average is $39.66.
CV Holdings (NYSE:CBF) last announced its quarterly earnings results on Thursday, July 20th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $101.24 million during the quarter, compared to analysts’ expectations of $99.11 million. On average, equities research analysts predict that CV Holdings will post $1.96 earnings per share for the current year.
A number of brokerages have recently commented on CBF. Brean Capital reaffirmed a “hold” rating on shares of CV Holdings in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of CV Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Barclays PLC reaffirmed an “overweight” rating and issued a $45.00 target price (up from $44.00) on shares of CV Holdings in a report on Monday, April 24th. Finally, FBR & Co cut shares of CV Holdings from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $45.00 to $44.00 in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.67.
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