Eli Lilly and Company (LLY) to Release Quarterly Earnings on Tuesday
Eli Lilly and Company (NYSE:LLY) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, July 25th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Eli Lilly and has set its FY17 guidance at $4.05-4.15 EPS.
Eli Lilly and (NYSE:LLY) last posted its earnings results on Tuesday, April 25th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The company had revenue of $5.23 billion during the quarter, compared to analyst estimates of $5.22 billion. Eli Lilly and had a net margin of 10.13% and a return on equity of 26.64%. Eli Lilly and’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. On average, analysts expect Eli Lilly and to post $4.12 EPS for the current fiscal year and $4.41 EPS for the next fiscal year.
Shares of Eli Lilly and Company (NYSE:LLY) opened at 83.64 on Tuesday. The stock has a market capitalization of $88.35 billion, a price-to-earnings ratio of 40.44 and a beta of 0.35. The stock’s 50 day moving average is $80.49 and its 200-day moving average is $79.95. Eli Lilly and Company has a 12-month low of $64.18 and a 12-month high of $86.72.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.49%. Eli Lilly and’s dividend payout ratio is presently 100.48%.
In other Eli Lilly and news, VP Michael J. Harrington sold 22,833 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $79.97, for a total transaction of $1,825,955.01. Following the transaction, the vice president now owns 62,056 shares in the company, valued at approximately $4,962,618.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Enrique A. Conterno sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $82.76, for a total transaction of $2,069,000.00. Following the transaction, the senior vice president now owns 114,217 shares in the company, valued at approximately $9,452,598.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 474,733 shares of company stock valued at $39,634,487. 0.20% of the stock is currently owned by company insiders.
A number of research firms recently commented on LLY. UBS AG lifted their price target on shares of Eli Lilly and from $70.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $91.00 price target (up from $90.00) on shares of Eli Lilly and in a research note on Monday. Zacks Investment Research raised shares of Eli Lilly and from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday. Cowen and Company lifted their price target on shares of Eli Lilly and from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, April 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $88.00 price target on shares of Eli Lilly and in a research note on Sunday, May 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $87.75.
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About Eli Lilly and
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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