Phibro Animal Health Corp (PAHC) reported quarterly earnings results on Monday, Aug-29-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.37. The company posted revenue of $189.20 million in the period, compared to analysts expectations of $183.62 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Phibro Animal Health Corp closed down -0.13 points or -0.62% at $20.92 with 1,32,030 shares getting traded on Tuesday. Post opening the session at $21.08, the shares hit an intraday low of $20.79 and an intraday high of $21.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Investors should note that on Jul 25, 2016, Phibro Animal Health Corp announced a cash dividend of $0.1000. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 28, 2016.
In a different news, on May 23, 2016, E Thomas Corcoran (director) purchased 5,000 shares at $18.14 per share price. According to the SEC, on Feb 23, 2016, Gerald K Carlson (Chief Operating Officer) sold 8,000 shares at $28.09 per share price. On Feb 19, 2016, Jack Bendheim (President and CEO) sold 2,175 shares at $30.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Phibro Animal Health Corporation is an animal health and mineral nutrition company. The Company is engaged in developing manufacturing and marketing products for a range of food animals including poultry swine beef and dairy cattle and aquaculture. The Company operates through three segments: Animal Health Mineral Nutrition and Performance Products. Its Animal Health segment develops manufactures and markets more than 550 product presentations including antibacterials nutritional specialty products and vaccines. Mineral Nutrition segment manufactures and markets more than 425 formulations and concentrations of trace minerals such as zinc manganese copper iron and other compounds with a focus on customers in North America. The Company’s Performance Products segment manufactures and markets specialty ingredients for use in the personal care automotive industrial chemical and chemical catalyst industries predominantly in the United States.