Kewaunee Scientific Corporation (KEQU) Releases Quarterly Earnings Results
Kewaunee Scientific Corporation (NASDAQ:KEQU) issued its quarterly earnings results on Tuesday. The technology company reported $0.42 EPS for the quarter, Bloomberg Earnings reports. Kewaunee Scientific Corporation had a net margin of 3.26% and a return on equity of 10.99%. The business had revenue of $33.88 million for the quarter.
Kewaunee Scientific Corporation (NASDAQ:KEQU) opened at 26.00 on Thursday. The company has a market cap of $70.49 million, a PE ratio of 16.24 and a beta of 0.07. Kewaunee Scientific Corporation has a 12 month low of $20.95 and a 12 month high of $27.60. The stock’s 50 day moving average is $25.29 and its 200 day moving average is $23.95.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be given a dividend of $0.17 per share. This is a boost from Kewaunee Scientific Corporation’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, September 8th. This represents a $0.68 annualized dividend and a dividend yield of 2.62%. Kewaunee Scientific Corporation’s dividend payout ratio (DPR) is presently 36.36%.
A hedge fund recently raised its stake in Kewaunee Scientific Corporation stock. Vanguard Group Inc. increased its position in Kewaunee Scientific Corporation (NASDAQ:KEQU) by 38.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 59,560 shares of the technology company’s stock after buying an additional 16,400 shares during the period. Vanguard Group Inc. owned 2.20% of Kewaunee Scientific Corporation worth $1,486,000 at the end of the most recent quarter. Institutional investors own 34.42% of the company’s stock.
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About Kewaunee Scientific Corporation
Kewaunee Scientific Corporation is engaged in the design, manufacture and installation of laboratory, healthcare and technical furniture products. The Company’s products include steel, wood and laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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