Andlauer Healthcare Group Inc. (TSE:AND) Raises Dividend to $0.11 Per Share

Andlauer Healthcare Group Inc. (TSE:AND) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.11 per share on Tuesday, October 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Andlauer Healthcare Group’s previous quarterly dividend of $0.10.

Andlauer Healthcare Group Price Performance

TSE:AND traded down C$0.37 during mid-day trading on Wednesday, reaching C$37.63. 315 shares of the company were exchanged, compared to its average volume of 32,364. The company has a quick ratio of 1.66, a current ratio of 1.35 and a debt-to-equity ratio of 41.86. Andlauer Healthcare Group has a 12 month low of C$36.43 and a 12 month high of C$44.12. The stock has a market cap of C$703.68 million, a PE ratio of 25.00 and a beta of 0.66. The company has a fifty day moving average of C$39.61 and a 200 day moving average of C$40.22.

Andlauer Healthcare Group (TSE:AND) last released its earnings results on Wednesday, July 31st. The company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.04). Andlauer Healthcare Group had a net margin of 9.96% and a return on equity of 14.91%. The business had revenue of C$161.45 million for the quarter, compared to analyst estimates of C$165.00 million. On average, research analysts anticipate that Andlauer Healthcare Group will post 1.9371197 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AND. Eight Capital cut their price target on shares of Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada raised their price target on shares of Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. TD Securities raised their price target on shares of Andlauer Healthcare Group from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Scotiabank decreased their price target on shares of Andlauer Healthcare Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$48.57.

About Andlauer Healthcare Group

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.