Question

Company cuz closed at $52.93 per share with a P/E ratio of 15.17 how much were earnings per share

Answer 1

Answer: $3.49

Explanation:

Earnings per share shows how much of the profit of the company every share will get.

You can use it to calcutae the P/E ratio through the following formula:

P/E ratio = Share price / Earnings per share

15.17 = 52.93 / EPS

EPS * 15.17 = 52.93

EPS = 52.93 / 15.17

= $3.49