Equities Analysts Issue Forecasts for Becton Dickinson and Co.’s FY2019 Earnings (BDX)
Becton Dickinson and Co. (NYSE:BDX) – Analysts at Leerink Swann upped their FY2019 earnings per share estimates for Becton Dickinson and in a report released on Friday. Leerink Swann analyst R. Newitter now expects that the brokerage will earn $11.12 per share for the year, up from their prior forecast of $11.02. Leerink Swann has a “Hold” rating on the stock.
A number of other analysts also recently commented on BDX. Bank of America Corp. reiterated a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Zacks Investment Research downgraded Becton Dickinson and from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Jefferies Group raised their target price on Becton Dickinson and from $190.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Cowen and Company restated an “outperform” rating and set a $185.00 target price on shares of Becton Dickinson and in a research report on Tuesday, August 16th. Finally, Citigroup Inc. downgraded Becton Dickinson and from a “neutral” rating to a “sell” rating and cut their target price for the stock from $167.00 to $165.00 in a research report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $170.82.
Shares of Becton Dickinson and (NYSE:BDX) opened at 171.93 on Monday. Becton Dickinson and has a one year low of $129.50 and a one year high of $181.76. The stock has a 50 day moving average price of $176.40 and a 200 day moving average price of $169.65. The firm has a market cap of $36.61 billion, a price-to-earnings ratio of 32.81 and a beta of 0.93.
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Becton Dickinson and (NYSE:BDX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.14. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.21 billion. Becton Dickinson and had a return on equity of 24.26% and a net margin of 9.24%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 earnings per share.
A number of large investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd acquired a new stake in Becton Dickinson and during the second quarter valued at $119,000. Acrospire Investment Management LLC boosted its position in shares of Becton Dickinson and by 458.0% in the second quarter. Acrospire Investment Management LLC now owns 731 shares of the company’s stock worth $124,000 after buying an additional 600 shares during the last quarter. Iowa State Bank purchased a new position in shares of Becton Dickinson and during the second quarter worth approximately $137,000. First Personal Financial Services boosted its position in shares of Becton Dickinson and by 101.7% in the second quarter. First Personal Financial Services now owns 827 shares of the company’s stock worth $140,000 after buying an additional 417 shares during the last quarter. Finally, First PREMIER Bank boosted its position in shares of Becton Dickinson and by 251.0% in the third quarter. First PREMIER Bank now owns 839 shares of the company’s stock worth $151,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.
In other Becton Dickinson and news, insider Gary M. Cohen sold 29,367 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $176.81, for a total transaction of $5,192,379.27. Following the completion of the sale, the insider now directly owns 125,870 shares in the company, valued at $22,255,074.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda M. Tharby sold 11,704 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $177.27, for a total value of $2,074,768.08. Following the sale, the insider now owns 22,146 shares of the company’s stock, valued at $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, September 7th. Becton Dickinson and’s payout ratio is 50.19%.
Becton Dickinson and Company Profile
Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.
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