West Pharmaceutical Services Inc. (WST) Announces $0.14 Quarterly Dividend

West Pharmaceutical Services Inc. (NYSE:WST) announced a quarterly dividend on Friday, December 22nd, Zacks reports. Investors of record on Thursday, January 18th will be paid a dividend of 0.14 per share by the medical instruments supplier on Thursday, February 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, January 17th.

West Pharmaceutical Services has raised its dividend by an average of 8.9% per year over the last three years and has raised its dividend every year for the last 25 years. West Pharmaceutical Services has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect West Pharmaceutical Services to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 19.5%.

Shares of West Pharmaceutical Services (NYSE WST) opened at $99.09 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7,360.00, a P/E ratio of 39.48, a P/E/G ratio of 2.07 and a beta of 1.12. West Pharmaceutical Services has a twelve month low of $77.97 and a twelve month high of $103.36.

West Pharmaceutical Services (NYSE:WST) last announced its quarterly earnings results on Thursday, October 26th. The medical instruments supplier reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. The firm had revenue of $398.20 million during the quarter, compared to analyst estimates of $386.02 million. West Pharmaceutical Services had a return on equity of 14.47% and a net margin of 12.12%. West Pharmaceutical Services’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. research analysts expect that West Pharmaceutical Services will post 2.76 EPS for the current fiscal year.

In other West Pharmaceutical Services news, CFO William J. Federici sold 21,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $99.01, for a total transaction of $2,079,210.00. Following the completion of the sale, the chief financial officer now owns 190,493 shares in the company, valued at $18,860,711.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

WST has been the subject of a number of research reports. Jefferies Group upgraded West Pharmaceutical Services from a “hold” rating to a “buy” rating and boosted their price target for the company from $96.00 to $115.00 in a report on Friday, September 15th. Stephens initiated coverage on West Pharmaceutical Services in a report on Tuesday, October 3rd. They issued an “equal weight” rating and a $99.00 price target for the company. Zacks Investment Research upgraded West Pharmaceutical Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Bank of America lowered West Pharmaceutical Services from a “buy” rating to a “neutral” rating and set a $98.00 price target for the company. in a report on Tuesday, October 17th. Finally, Wells Fargo & Co boosted their price target on West Pharmaceutical Services from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $106.00.

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West Pharmaceutical Services Company Profile

West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.

Dividend History for West Pharmaceutical Services (NYSE:WST)

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