FY2024 EPS Estimates for Phibro Animal Health Co. Increased by Analyst (NASDAQ:PAHC)

Phibro Animal Health Co. (NASDAQ:PAHC) – Analysts at Zacks Research increased their FY2024 earnings estimates for shares of Phibro Animal Health in a research note issued to investors on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.13 per share for the year, up from their prior estimate of $1.12. The consensus estimate for Phibro Animal Health’s current full-year earnings is $1.12 per share. Zacks Research also issued estimates for Phibro Animal Health’s Q4 2024 earnings at $0.37 EPS, Q2 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.21 EPS and Q3 2026 earnings at $0.32 EPS.

Separately, StockNews.com upgraded Phibro Animal Health from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th.

Phibro Animal Health Stock Performance

Shares of NASDAQ:PAHC opened at $13.61 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.60 and a current ratio of 3.12. The firm has a market cap of $551.21 million, a PE ratio of 37.81, a price-to-earnings-growth ratio of 4.83 and a beta of 0.75. The firm’s 50 day simple moving average is $12.80 and its 200-day simple moving average is $11.76. Phibro Animal Health has a one year low of $9.40 and a one year high of $15.98.

Phibro Animal Health (NASDAQ:PAHC) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $249.90 million for the quarter, compared to the consensus estimate of $242.91 million. Phibro Animal Health had a return on equity of 16.67% and a net margin of 1.51%.

Phibro Animal Health Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.53%. Phibro Animal Health’s dividend payout ratio is currently 133.33%.

Hedge Funds Weigh In On Phibro Animal Health

Several hedge funds have recently made changes to their positions in PAHC. Allspring Global Investments Holdings LLC grew its stake in Phibro Animal Health by 78.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 81,608 shares of the company’s stock valued at $1,055,000 after purchasing an additional 35,788 shares during the last quarter. Cardinal Capital Management increased its holdings in Phibro Animal Health by 43.1% in the 1st quarter. Cardinal Capital Management now owns 53,507 shares of the company’s stock worth $692,000 after buying an additional 16,112 shares during the period. Bridge City Capital LLC raised its position in Phibro Animal Health by 3.3% during the 1st quarter. Bridge City Capital LLC now owns 137,694 shares of the company’s stock worth $1,780,000 after buying an additional 4,433 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Phibro Animal Health in the 1st quarter valued at $377,000. Finally, Wellington Management Group LLP increased its stake in shares of Phibro Animal Health by 165.9% in the fourth quarter. Wellington Management Group LLP now owns 164,764 shares of the company’s stock worth $1,908,000 after acquiring an additional 102,793 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Phibro Animal Health Company Profile

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.