On 2016-04-11, Novartis AG (NYSE:NVS) confirmed the dividend disbursement of $2.303 a share to shareholders as on record 2016-02-26. The firm will release dividend on 2016-04-15 while ex-dividend date is reported to be 2016-02-24.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Novartis AG (NYSE:NVS) paid a total of $2.303 per share in dividends. This figure stood at $2.303 a share in the same period a year ago indicating a deviation of 25.9045%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $92.75 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $115 and $84, respectively.
Taking the mathematical rating formula, the price for Novartis AG (NYSE:NVS) stands at 2.41. Earnings Review Novartis AG (NYSE:NVS) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-25. For the period ending on 2016-09-30, experts are expecting EPS of $1.19.
Coming to the quarter ending on 2015-12-31, Novartis AG (NYSE:NVS) recorded EPS of $1.22. The reported numbers came lower than the analysts’ estimates of $1.18, demonstrating a miss of $0.04 as against reported figures.
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