Sully Corp. currently has an EPS of $2.24, and the benchmark PE ratio for the company is 22. Earnings are expected to grow at 8 percent per year. What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Find Stock price ? $
PE ratio is equal to=Stock price/EPS
Stock price=(2.24*22)
which is equal to
=$49.28
Sully Corp. currently has an EPS of $2.24, and the benchmark PE ratio for the company...
Sunset Corp. currently has an EPS of $3.85, and the benchmark PE for the company is 19. Earnings are expected to grow at 6 percent per year. a. What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the target stock price in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) C. Assuming that...
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