Andritz AG (OTCMKTS:ADRZY) Declares Dividend Increase – $0.56 Per Share

Andritz AG (OTCMKTS:ADRZY) declared a dividend on Monday, March 10th, NASDAQ Dividends reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.5645 per share on Monday, April 21st. The ex-dividend date of this dividend is Tuesday, April 1st. This is a 63.0% increase from Andritz’s previous dividend of $0.35.

Andritz Trading Down 2.5 %

OTCMKTS:ADRZY opened at $12.05 on Friday. The business’s 50-day moving average is $11.98 and its two-hundred day moving average is $11.86. The firm has a market capitalization of $6.27 billion, a PE ratio of 11.06 and a beta of 0.97. Andritz has a 12 month low of $9.35 and a 12 month high of $14.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 0.89.

Andritz (OTCMKTS:ADRZY) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter. Andritz had a net margin of 5.90% and a return on equity of 23.10%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.34 billion. Research analysts predict that Andritz will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Andritz from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 4th.

Andritz Company Profile

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.