Analysts forecast that Quintiles Transitional Holdings Inc. (NYSE:Q) will post earnings per share of $1.05 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Quintiles Transitional Holdings’ earnings, with estimates ranging from $1.04 to $1.07. Quintiles Transitional Holdings reported earnings of $0.93 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The firm is expected to report its next earnings report on Wednesday, July 26th.

According to Zacks, analysts expect that Quintiles Transitional Holdings will report full year earnings of $4.53 per share for the current financial year, with EPS estimates ranging from $4.47 to $4.62. For the next financial year, analysts forecast that the business will post earnings of $5.20 per share, with EPS estimates ranging from $4.85 to $5.43. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Quintiles Transitional Holdings.

Quintiles Transitional Holdings (NYSE:Q) last released its earnings results on Wednesday, May 3rd. The medical research company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.06. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.91 billion. Quintiles Transitional Holdings had a return on equity of 18.03% and a net margin of 1.06%. Quintiles Transitional Holdings’s revenue was up 72.5% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share.

Several analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $81.00 price target (up from $78.00) on shares of Quintiles Transitional Holdings in a report on Friday, May 5th. Mizuho increased their price target on Quintiles Transitional Holdings from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Credit Suisse Group reiterated an “outperform” rating and issued a $96.00 price target (up from $94.00) on shares of Quintiles Transitional Holdings in a report on Tuesday, June 6th. Evercore ISI reiterated an “in-line” rating and issued a $88.50 price target (up from $84.00) on shares of Quintiles Transitional Holdings in a report on Thursday, May 4th. Finally, Zacks Investment Research downgraded Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $84.28.

In other news, Director John G. Danhakl sold 761,143 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $84.01, for a total transaction of $63,943,623.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jack M. Greenberg sold 6,092 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $82.50, for a total transaction of $502,590.00. Following the transaction, the director now directly owns 2,930 shares in the company, valued at approximately $241,725. The disclosure for this sale can be found here. Insiders have sold 8,758,400 shares of company stock worth $735,783,985 in the last ninety days. Corporate insiders own 6.40% of the company’s stock.

Several institutional investors have recently modified their holdings of Q. Metropolitan Life Insurance Co. NY boosted its position in shares of Quintiles Transitional Holdings by 80.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,522 shares of the medical research company’s stock valued at $648,000 after buying an additional 3,809 shares during the last quarter. Ellington Management Group LLC bought a new position in shares of Quintiles Transitional Holdings during the fourth quarter valued at approximately $274,000. Flinton Capital Management LLC bought a new position in shares of Quintiles Transitional Holdings during the fourth quarter valued at approximately $437,000. New York State Teachers Retirement System boosted its position in shares of Quintiles Transitional Holdings by 73.6% in the fourth quarter. New York State Teachers Retirement System now owns 12,500 shares of the medical research company’s stock valued at $951,000 after buying an additional 5,300 shares during the last quarter. Finally, Credit Agricole S A boosted its position in shares of Quintiles Transitional Holdings by 240.6% in the fourth quarter. Credit Agricole S A now owns 70,719 shares of the medical research company’s stock valued at $5,378,000 after buying an additional 49,958 shares during the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.

Quintiles Transitional Holdings (NYSE Q) opened at 90.88 on Friday. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 201.06 and a beta of 0.64. The company has a 50-day moving average price of $85.16 and a 200-day moving average price of $80.17. Quintiles Transitional Holdings has a 12-month low of $61.21 and a 12-month high of $91.81.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/06/23/quintiles-transitional-holdings-inc-q-expected-to-post-earnings-of-1-05-per-share.html.

Quintiles Transitional Holdings Company Profile

Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.

Get a free copy of the Zacks research report on Quintiles Transitional Holdings (Q)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Quintiles Transitional Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quintiles Transitional Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.