Andritz AG (OTCMKTS:ADRZY) Announces Dividend of $0.56

Andritz AG (OTCMKTS:ADRZY) declared a dividend on Monday, March 10th, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.5645 per share on Friday, April 18th. The ex-dividend date is Tuesday, April 1st. This is a 63.0% increase from Andritz’s previous dividend of $0.35.

Andritz Stock Performance

Andritz stock traded up $0.09 during mid-day trading on Tuesday, reaching $13.18. The company’s stock had a trading volume of 1,691 shares, compared to its average volume of 10,211. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 12.09 and a beta of 0.97. Andritz has a twelve month low of $9.35 and a twelve month high of $14.32. The business has a 50 day moving average price of $11.22 and a 200-day moving average price of $11.87. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.34 billion. Andritz had a net margin of 5.90% and a return on equity of 23.10%. Sell-side analysts predict that Andritz will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays cut Andritz from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 4th.

Andritz Company Profile

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.