Phibro Animal Health Corporation develops, manufactures, and supplies a range of animal health and mineral nutrition products for livestock primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture. Its animal health products also comprise antibacterials that are biological or chemical products used in the animal health industry to treat or to prevent bacterial diseases; anticoccidials primarily used to prevent and control the disease coccidiosis in poultry and cattle; anthelmintics to treat infestations of parasitic intestinal worms; and anti-bloat treatment products for cattle to control bloat in animals grazing on legume or wheat-pasture. In addition, the company offers nutritional specialty products, which enhance nutrition to help improve health and performance; and vaccines to prevent diseases primarily for the poultry and swine markets. Further, it manufactures and markets formulations and concentrations of trace minerals, such as zinc, manganese, copper, iron, and other compounds; and various specialty ingredients for use in the personal care, industrial chemical, and chemical catalyst industries. The company sells its animal health and mineral nutrition products through local sales offices to integrated poultry, swine, and cattle integrators, as well as through commercial animal feed manufacturers, wholesalers, and distributors. It operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company was formerly known as Philipp Brothers Chemicals, Inc. and changed its name to Phibro Animal Health Corporation in July 2003. Phibro Animal Health Corporation was incorporated in 2014 and is headquartered in Teaneck, New Jersey.
Phibro Animal Health Stock Up 2.4 %
PAHC Stock opened at $19.14 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 1.59 and a debt-to-equity ratio of 1.50. Phibro Animal Health has a twelve month low of $17.28 and a twelve month high of $26.55. The company's 50 day moving average is $19.20 and its two-hundred day moving average is $19.48. The stock has a market cap of $775.25 million, a P/E ratio of 13.20 and a beta of 0.51.
Phibro Animal Health Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. Phibro Animal Health's dividend payout ratio (DPR) is presently 33.10%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on PAHC. TheStreet upgraded shares of Phibro Animal Health from a "c+" rating to a "b-" rating in a research note on Friday, July 29th. StockNews.com cut shares of Phibro Animal Health from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 5th. Finally, Barclays lowered shares of Phibro Animal Health from an "equal weight" rating to an "underweight" rating and set a $22.00 price objective for the company. in a report on Monday, July 25th.