Versigent (NYSE:VGNT) Shareholders to Get $0.13 Quarterly Dividend

Versigent (NYSE:VGNT) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, December 4th will be paid a dividend of $0.13 per share on Thursday, December 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th.

Versigent Trading Up 4.0%

Shares of Versigent stock traded up $1.62 during trading on Wednesday, reaching $42.31. 1,899,025 shares of the company were exchanged, compared to its average volume of 1,528,412. The business has a 50-day moving average price of $45.18 and a 200-day moving average price of $42.71. The firm has a market capitalization of $3.00 billion and a price-to-earnings ratio of 22.03. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 7.29. Versigent has a twelve month low of $26.34 and a twelve month high of $50.88.

Versigent (NYSE:VGNT) last released its earnings results on Wednesday, November 4th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.12. Sell-side analysts anticipate that Versigent will post 7.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VGNT has been the subject of a number of recent analyst reports. Argus upped their price target on Versigent from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Oppenheimer set a $50.00 price target on shares of Versigent in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Versigent from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. TD Cowen boosted their price objective on shares of Versigent from $49.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Evercore reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Versigent in a research note on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Versigent presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Versigent Company Profile

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.