Baxter International Inc. (BAX) Set to Announce Quarterly Earnings on Wednesday
Baxter International Inc. (NYSE:BAX) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, July 26th. Analysts expect Baxter International to post earnings of $0.56 per share for the quarter. Baxter International has set its Q2 guidance at $0.55-$0.57 EPS and its FY17 guidance at $2.20-$2.28 EPS.
Baxter International (NYSE:BAX) last released its earnings results on Wednesday, April 26th. The medical instruments supplier reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Baxter International had a net margin of 18.09% and a return on equity of 14.03%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Baxter International to post $2.27 EPS for the current fiscal year and $2.58 EPS for the next fiscal year.
Baxter International Inc. (NYSE BAX) opened at 62.14 on Wednesday. The firm’s 50-day moving average is $60.04 and its 200-day moving average is $53.67. The firm has a market capitalization of $33.78 billion, a P/E ratio of 18.39 and a beta of 0.66. Baxter International Inc. has a 52-week low of $43.13 and a 52-week high of $62.49.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. Baxter International’s dividend payout ratio is presently 19.05%.
Several research firms have recently weighed in on BAX. Royal Bank Of Canada boosted their price target on Baxter International from $55.00 to $58.00 and gave the stock a “sector perform” rating in a report on Thursday, April 27th. BMO Capital Markets restated a “hold” rating and set a $55.00 price target on shares of Baxter International in a report on Thursday, April 27th. Zacks Investment Research cut Baxter International from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Cantor Fitzgerald began coverage on Baxter International in a report on Thursday, June 29th. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Barclays PLC boosted their price target on Baxter International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Baxter International has a consensus rating of “Buy” and a consensus target price of $61.54.
In other Baxter International news, Director Carole J. Shapazian sold 3,760 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $55.89, for a total value of $210,146.40. Following the transaction, the director now directly owns 16,226 shares of the company’s stock, valued at $906,871.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brik V. Eyre sold 130,732 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $55.69, for a total value of $7,280,465.08. Following the completion of the transaction, the senior vice president now directly owns 49,966 shares in the company, valued at $2,782,606.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,110 shares of company stock worth $7,642,246. Insiders own 0.05% of the company’s stock.
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Baxter International Company Profile
Baxter International Inc, through its subsidiaries, provides renal and hospital products. The Company operates through two segments: Hospital Products and Renal. Its Hospital Products business manufactures sterile intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics and biosurgery products.
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