Question
In: Finance
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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a
$3.54.
b
$3.16.
c
$4.05.
Solutions
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 agoRelated Solutions
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