As per Tesco Corporation (NASDAQ:TESO)’s news release on 2015-11-02, its shareholders will get cash dividend of $0.05 per share. The recent press release updated on the record date and payout date, which stands at 2015-11-13 and 2015-12-04, respectively.
The stock will commence trading ex-dividend from 2015-11-10, 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 Tesco Corporation (NASDAQ:TESO) disbursed $0.05 in dividend compared to distribution of $0.05, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 33.3333%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Tesco Corporation (NASDAQ:TESO) to attain a price target of $8.833. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $13. The low price range is set at $7 for next year while the arithmetic mean is seen at 2.
Eyeing Earnings Tesco Corporation (NASDAQ:TESO) is likely to post quarterly numbers around 2016-11-02 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.38 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Tesco Corporation (NASDAQ:TESO) earnings came at $-0.39 suggesting a deviation of $0.03. The brokerages targeted EPS of $-0.42 for the quarter.
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