Stevanato Group S.p.A. (STVN) To Go Ex-Dividend on June 11th

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

Stevanato Group has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 0.1%

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

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

Institutional Trading of Stevanato Group

Several large investors have recently added to or reduced their stakes in STVN. Fifth Third Bancorp grew its holdings in shares of Stevanato Group by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after purchasing an additional 773 shares during the period. First Bank & Trust increased its holdings in shares of Stevanato Group by 5.6% in the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock valued at $344,000 after acquiring an additional 904 shares during the last quarter. GW&K Investment Management LLC increased its holdings in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after acquiring an additional 1,055 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Stevanato Group by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock valued at $1,833,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Mariner LLC increased its position in Stevanato Group by 6.9% during the third quarter. Mariner LLC now owns 25,447 shares of the company’s stock worth $655,000 after buying an additional 1,638 shares during the period.

About Stevanato Group

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.