Question

In: Finance

Rockwell Jewelers management has announced that the company had net earnings of $4,496,000 for this year....

Rockwell Jewelers management has announced that the company had net earnings of $4,496,000 for this year. The company has 3,997,000 shares outstanding, and the year-end stock price is $59.65. What are Rockwell’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25)

The company’s earnings per share are $ and its P/E ratio is times.

Solutions

Expert Solution

Earnings per share = Net earnings / Shares outstanding = $4,496,000 / 3,997,000 = $1.12

P/E ratio = Stock price / EPS = $59.65 / $1.12 = 53.03


Related Solutions

FIN303: Financial Management Company ABC has just announced earnings of $2 per share. Based on the...
FIN303: Financial Management Company ABC has just announced earnings of $2 per share. Based on the last five years, earnings have grown at a rate of 20% per annum and the company expects this to continue for the next five years, after which it expects earnings to remain constant forever. The company has a policy of paying out 30% of its earnings as dividends. ABC stock has a beta of 1.2. The yield to maturity on 10-year government bonds is...
My company had net income last year of $40, additions to retained earnings of $10, total...
My company had net income last year of $40, additions to retained earnings of $10, total assets of $319, and total debt of $250. Assuming I can’t use any external financing, what is the fastest I could grow my company while maintaining a constant dividend payout rate? Enter your answer as a percent. That is, input 5.14 instead of 0.05137 (If necessary round to nearest hundredth of a percent.)
Junkyard Arts, Inc., had earnings of $332,000 for the year. The company had 29,000 shares of...
Junkyard Arts, Inc., had earnings of $332,000 for the year. The company had 29,000 shares of common stock outstanding during the year and issued 3,700 shares of $150 par value preferred stock. The preferred stock has a dividend of $9 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. $per share
a company has ROE of 22% and last year had $450 million in net income. it...
a company has ROE of 22% and last year had $450 million in net income. it has 200 million shares outstanding and paid a dividend of $.7 per share. what is the company's sustainable growth rate?
Pharoah Corporation has announced that its net income for the year ended June 30, 2017, was...
Pharoah Corporation has announced that its net income for the year ended June 30, 2017, was $1,353,412. The company had EBITDA of $4,994,000, and its depreciation and amortization expense was equal to $1,122,000. The company's average tax rate is 34 percent. What was its interest expense? (Round answer to 2 decimal places, e.g. 15.25.)
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was...
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412. The company had EBITDA of $4,943,000, and its depreciation and amortization expense was equal to $1,114,000. The company's tax rate is 34 percent. What was its interest expense? (Round answer to 2 decimal places, e.g. 15.25.) Interest expense
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was...
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412. The company had EBITDA of $4,967,000, and its depreciation and amortization expense was equal to $1,124,000. The company's tax rate is 34 percent. What was its interest expense?
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was...
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412. The company had EBITDA of $4,957,000, and its depreciation and amortization expense was equal to $1,156,000. The company's tax rate is 34 percent. What was its interest expense? (Round answer to 2 decimal places, e.g. 15.25.) Interest expense.
Company ABC has just announced earnings of $2 per share. Based on the last five years,...
Company ABC has just announced earnings of $2 per share. Based on the last five years, earnings have grown at a rate of 20% per annum and the company expects this to continue for the next five years, after which it expects earnings to remain constant forever. The company has a policy of paying out 30% of its earnings as dividends. ABC stock has a beta of 1.2. The yield to maturity on 10-year government bonds is 2% and market...
Company ABC has just announced earnings of $2 per share. Based on the last five years,...
Company ABC has just announced earnings of $2 per share. Based on the last five years, earnings have grown at a rate of 20% per annum and the company expects this to continue for the next five years, after which it expects earnings to remain constant forever. The company has a policy of paying out 30% of its earnings as dividends. ABC stock has a beta of 1.2. The yield to maturity on 10-year government bonds is 2% and market...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT