Omega Protein Corporation (NYSE:OME) declared a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, August 25th will be given a dividend of 0.05 per share on Friday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, August 23rd.
Omega Protein Corporation (NYSE:OME) traded up 0.95% on Friday, hitting $16.00. The stock had a trading volume of 461,018 shares. Omega Protein Corporation has a 12 month low of $14.50 and a 12 month high of $26.99. The stock has a market cap of $359.42 million, a P/E ratio of 11.20 and a beta of 0.21. The company’s 50 day moving average is $16.60 and its 200-day moving average is $19.64.
Omega Protein Corporation (NYSE:OME) last posted its earnings results on Wednesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $87.44 million. Omega Protein Corporation had a return on equity of 10.46% and a net margin of 8.95%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Analysts forecast that Omega Protein Corporation will post $1.07 EPS for the current year.
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OME has been the subject of several research analyst reports. Pivotal Research lowered their price target on Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, July 7th. ValuEngine lowered Omega Protein Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, BidaskClub lowered Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Omega Protein Corporation has an average rating of “Hold” and an average target price of $21.50.
About Omega Protein Corporation
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).
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