Oppenheimer Holdings, Inc. Clas (NYSE:OPY):
Oppenheimer Holdings Inc. Reports Third Quarter 2016 Earnings and Announces Quarterly Dividend.
The company is now down since yesterday’s close of $14.85.
The company also recently declared a dividend for shareholders paid on Friday August 26th, 2016. The dividend was $0.110 per share for the quarter which is $0.44 annualized. This dividend amount was represent a yeild of $2.96. The ex-dividend date was Wednesday the 10th of August 2016.
Company shares last traded at $14.05 which is a tad under the 50 day moving average which is $14.68 and which is marginally lower than the 200 day moving average of $15.31. The 50 day moving average was down by -4.27% and the 200 day average went down $-1.26 or -8.22%.
In the latest earnings report the EPS was $-0.20 and is projected to be $-0.43 for the current year with 13,368,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.17 and the next full year EPS is anticipated to be $1.81.
A few Wall Street analysts have provided guidance on the stock recently. On March 21, 2016 Sidoti & Co. added OPY to its research portfolio by announcing an initial rating of “Buy”. February 1 investment analysts at Macquarie made no change to the company rating of “Outperform” but moved down the price target to $21.00 from $23.00.
On November 2 Macquarie maintained a stock rating of “Outperform” and moved down the price target from $25.00 to $24.00. Macquarie raised the price target and upgraded the stock on September 14 boosting the price target from $25.00 to $27.00 and raising the rating from “Neutral” to “Outperform”.
On September 14 the stock rating was upgraded to “Outperform” from “Neutral” with a current price target of $27.00 by Macquarie. Macquarie starting coverage on OPY with a rating of “Neutral” and a price target of $26.00.