STERIS Corporation (NYSE:STE) Given Price Target Of $85


As per STERIS Corporation (NYSE:STE)’s news release on 2016-08-09, its shareholders will get cash dividend of $0.28 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-30 and 2016-09-27, respectively.

The stock will commence trading ex-dividend from 2016-08-26, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year STERIS Corporation (NYSE:STE) disbursed $0.28 in dividend compared to distribution of $0.28, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 8.8889%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated STERIS Corporation (NYSE:STE) to attain a price target of $85. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $86. The low price range is set at $84 for next year while the arithmetic mean is seen at 2.

Eyeing Earnings STERIS Corporation (NYSE:STE) is likely to post quarterly numbers around 2016-11-04 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.9 for the period ending on 2016-09-30.

In last quarter ended 2016-03-31, STERIS Corporation (NYSE:STE) earnings came at $0.79 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.78 for the quarter.

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