Market Update (NYSE:SYK): Stryker Declares a $0.38 per Share Quarterly Dividend

[GlobeNewswire] – Kalamazoo, Michigan – February 10, 2016 – Stryker Corporation ( NYSE:SYK ) announced that its Board of Directors has declared a quarterly dividend of $0.38 per share payable on April 29, 2016, to shareholders … Read more on this. Stryker Corporation (SYK) , with a current value of $37.00B, opened this morning at $97.58. Looking at the stock, its one day range is $97.54 to $99.11 with the price of the stock fluctuating between $86.68 to $105.34 over the last 52 weeks. Priced at 17.12x this year’s forecasted earnings, SYK shares are relatively expensive compared to the industry ’s 4.68x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.52 per share annually in dividends, yielding 1.57%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $1.21 per share, which would be $0.10 better than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.61 is a $0.49 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.47 Billion. If realized, that would be a 3.78% increase over the year-ago quarter. Recently, Goldman downgraded SYK from Buy to Neutral (Nov 13, 2015). Previously, Citigroup Initiated SYK at to Sell. The average price target for SYK shares is $107.67, which is 10.34% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Provides 2015 Preliminary Sales Results and Increases Adjusted Earnings Guidance Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 34th Annual J.P. Morgan Healthcare Conference Company Update (NYSE:SYK): Stryker Declares a $0.38 per Share Quarterly Dividend