Palatine Enterprises is priced at $37.86 per share, and trades at a 12 PE and a...

Palatine Enterprises is priced at $37.86 per share, and trades at a 12 PE and a 10.7 forward PE. Next year's earnings per share are estimated to be closest to:

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$3.54.

$3.16.

$4.05.

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Expert Solution

FORWARD P/E = Current share price/Forward EPS

10.7 = 37.86/ Forward EPS

Forward EPS = 37.86/10.7 = 3.5383 = 3.54

Answer : a : $3.54 [Thumbs up please]

jeff jeffy answered 2 years ago

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