Andlauer Healthcare Group Inc. (TSE:AND) Raises Dividend to $0.11 Per Share

Andlauer Healthcare Group Inc. (TSE:AND) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Friday, September 27th will be given a dividend of 0.11 per share on Tuesday, October 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, September 27th. This is an increase from Andlauer Healthcare Group’s previous quarterly dividend of $0.10.

Andlauer Healthcare Group Stock Up 2.3 %

Shares of AND stock opened at C$38.33 on Wednesday. The firm’s fifty day moving average price is C$39.61 and its two-hundred day moving average price is C$40.13. The company has a current ratio of 1.35, a quick ratio of 1.66 and a debt-to-equity ratio of 41.86. Andlauer Healthcare Group has a 1 year low of C$36.43 and a 1 year high of C$44.12. The firm has a market capitalization of C$716.77 million, a P/E ratio of 25.22 and a beta of 0.66.

Andlauer Healthcare Group (TSE:AND) last released its earnings results on Wednesday, July 31st. The company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.04). Andlauer Healthcare Group had a net margin of 9.96% and a return on equity of 14.91%. The company had revenue of C$161.45 million during the quarter, compared to analyst estimates of C$165.00 million. On average, equities analysts predict that Andlauer Healthcare Group will post 1.9371197 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AND shares. TD Securities upped their price objective on Andlauer Healthcare Group from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Scotiabank cut their price target on shares of Andlauer Healthcare Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Finally, Eight Capital lowered their price objective on shares of Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$48.57.

About Andlauer Healthcare Group

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.