Merck & Co. (MRK) Scheduled to Post Earnings on Tuesday
Merck & Co. (NYSE:MRK) is scheduled to issue its Q114 quarterly earnings data on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $10.44 billion for the quarter. Merck & Co. has set its FY14 guidance at $3.35-3.53 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Merck & Co. (NYSE:MRK) last announced its earnings results on Wednesday, February 5th. The company reported $0.88 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.88. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter last year, the company posted $0.83 earnings per share. Merck & Co.’s revenue was down 3.6% compared to the same quarter last year. On average, analysts expect Merck & Co. to post $3.44 EPS for the current fiscal year and $3.69 EPS for the next fiscal year.
Merck & Co. (NYSE:MRK) opened at 57.24 on Monday. Merck & Co. has a 52-week low of $44.60 and a 52-week high of $58.32. The stock’s 50-day moving average is $56.22 and its 200-day moving average is $51.81. The company has a market cap of $168.3 billion and a P/E ratio of 39.14. Merck & Co. also saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 32,443,294 shares, an increase of 13.0% from the March 31st total of 28,708,787 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 11,401,160 shares, the short-interest ratio is currently 2.8 days.
Several analysts have recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Merck & Co. in a research note on Thursday. They now have a $62.00 price target on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of Merck & Co. to $61.00 in a research note on Monday, April 14th. They now have a “hold” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Merck & Co. from $64.00 to $70.00 in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $58.20.
Merck & Co, Inc (NYSE:MRK) is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures.
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