Lannett Company (LCI) to Release Earnings on Wednesday
Lannett Company (NYSE:LCI) will be releasing its Q414 earnings data on Wednesday, August 27th. Analysts expect Lannett Company to post earnings of $0.54 per share and revenue of $79.50 million for the quarter.
Shares of Lannett Company (NYSE:LCI) opened at 38.33 on Tuesday. Lannett Company has a 52 week low of $12.39 and a 52 week high of $51.659. The stock’s 50-day moving average is $38.60 and its 200-day moving average is $39.99. The company has a market cap of $1.363 billion and a price-to-earnings ratio of 32.69.
A number of research firms have recently commented on LCI. Analysts at Craig Hallum downgraded shares of Lannett Company from a “buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Analysts at Oppenheimer raised their price target on shares of Lannett Company from $49.00 to $52.00 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.00.
In other Lannett Company news, major shareholder David Farber unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $41.30, for a total value of $206,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lannett Company, Inc is engaged in developing, manufacturing, marketing and distributing generic versions of branded pharmaceutical products.
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