Phibro Animal Health (NASDAQ:PAHC) Shares Climb 3.2% – Here’s What Happened

Phibro Animal Health Corporation (NASDAQ:PAHC) rose 3.2% during mid-day trading on Wednesday. The company traded as high as $38.10 and last traded at $37.9760. Approximately 30,350 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 288,020 shares. The stock had previously closed at $36.81.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research raised Phibro Animal Health from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Phibro Animal Health in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

Phibro Animal Health Stock Performance

The company has a market cap of $1.54 billion, a PE ratio of 15.61, a P/E/G ratio of 1.08 and a beta of 0.42. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.27 and a current ratio of 2.96. The stock’s 50-day simple moving average is $36.01 and its 200 day simple moving average is $38.73.

Phibro Animal Health (NASDAQ:PAHC) last released its earnings results on Wednesday, August 26th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. Phibro Animal Health had a net margin of 6.57% and a return on equity of 37.86%. The company had revenue of $396.75 million during the quarter, compared to analysts’ expectations of $381.18 million. Phibro Animal Health has set its FY 2027 guidance at 3.410-3.590 EPS. As a group, equities analysts anticipate that Phibro Animal Health Corporation will post 3.50 EPS for the current year.

Phibro Animal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 2nd. Phibro Animal Health’s dividend payout ratio is currently 19.67%.

Institutional Investors Weigh In On Phibro Animal Health

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP increased its stake in Phibro Animal Health by 112.8% in the 2nd quarter. Engineers Gate Manager LP now owns 52,914 shares of the company’s stock valued at $1,662,000 after purchasing an additional 28,052 shares in the last quarter. Cvfg LLC acquired a new stake in Phibro Animal Health in the 1st quarter valued at about $2,962,000. Castleark Management LLC acquired a new stake in Phibro Animal Health in the 1st quarter valued at about $7,904,000. Ranger Investment Management L.P. acquired a new stake in Phibro Animal Health in the 2nd quarter valued at about $9,182,000. Finally, Advisors Preferred LLC purchased a new position in Phibro Animal Health during the 1st quarter valued at about $2,931,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Phibro Animal Health Company Profile

Phibro Animal Health Corporation (NASDAQ: PAHC) develops, manufactures and distributes products that support animal health, nutrition and performance. The company serves livestock producers, veterinarians, feed manufacturers and other customers across the food-animal and companion-animal markets.

Its portfolio includes animal health products such as vaccines, medicated feed additives and other solutions used to help prevent and manage disease. Phibro also provides mineral nutrition products, feed additives and performance solutions designed to support animal growth, feed efficiency, health and productivity.

Phibro Animal Health traces its roots to 1916 and operates internationally, serving customers in the United States and markets around the world.