Taro Pharmaceutical Industries Ltd. Plans Dividend of $12.81 (TARO)

Taro Pharmaceutical Industries Ltd. (NYSE:TARO) declared a dividend on Monday, November 5th, Fidelity reports. Stockholders of record on Tuesday, December 11th will be given a dividend of 12.81 per share on Friday, December 28th. The ex-dividend date is Monday, December 10th.

Shares of Taro Pharmaceutical Industries stock traded up $1.60 during trading hours on Wednesday, reaching $106.01. 66,248 shares of the company’s stock were exchanged, compared to its average volume of 44,333. Taro Pharmaceutical Industries has a fifty-two week low of $93.01 and a fifty-two week high of $121.23. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 17.15 and a beta of 0.29.

Taro Pharmaceutical Industries (NYSE:TARO) last posted its quarterly earnings data on Monday, November 5th. The company reported $1.60 EPS for the quarter, missing the Zacks’ consensus estimate of $1.96 by ($0.36). Taro Pharmaceutical Industries had a return on equity of 11.99% and a net margin of 36.33%. The business had revenue of $158.97 million for the quarter, compared to analyst estimates of $167.40 million. Analysts expect that Taro Pharmaceutical Industries will post 7.65 earnings per share for the current year.

TARO has been the topic of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $120.00 target price on shares of Taro Pharmaceutical Industries in a report on Friday, August 10th. Zacks Investment Research cut shares of Taro Pharmaceutical Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 16th. Finally, ValuEngine cut shares of Taro Pharmaceutical Industries from a “hold” rating to a “sell” rating in a report on Monday, September 24th.

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Taro Pharmaceutical Industries Company Profile

Taro Pharmaceutical Industries Ltd., a science-based pharmaceutical company, engages in the development, manufacture, and marketing of pharmaceutical products in the United States, Canada, Israel, and internationally. It offers prescription and over-the-counter pharmaceutical products focusing on primary areas, including topical creams and ointments, liquids, capsules, and tablets in the dermatological and topical, cardiovascular, neuropsychiatric, and anti-inflammatory therapeutic categories.

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