Endo International PLC (ENDP) Expected to Post Quarterly Sales of $842.14 Million
Analysts forecast that Endo International PLC (NASDAQ:ENDP) will report $842.14 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Endo International PLC’s earnings. The highest sales estimate is $879.80 million and the lowest is $804.00 million. Endo International PLC posted sales of $920.89 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.6%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Endo International PLC will report full-year sales of $842.14 million for the current fiscal year, with estimates ranging from $3.51 billion to $3.61 billion. For the next financial year, analysts expect that the company will post sales of $3.31 billion per share, with estimates ranging from $3.13 billion to $3.45 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Endo International PLC.
Endo International PLC (NASDAQ:ENDP) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. Endo International PLC had a negative net margin of 82.93% and a positive return on equity of 25.32%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.08 EPS. Endo International PLC’s revenue was up 7.7% compared to the same quarter last year.
A number of equities research analysts recently issued reports on ENDP shares. Royal Bank Of Canada set a $15.00 price target on Endo International PLC and gave the stock a “hold” rating in a research note on Saturday, April 8th. Canaccord Genuity reissued a “hold” rating and set a $14.00 price target on shares of Endo International PLC in a research note on Tuesday, April 11th. Mizuho reissued a “buy” rating and set a $18.00 price target (up from $17.00) on shares of Endo International PLC in a research note on Thursday, April 13th. Vetr lowered Endo International PLC from a “strong-buy” rating to a “hold” rating and set a $11.34 price target for the company. in a research note on Thursday, April 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $15.00 price target on shares of Endo International PLC in a research note on Monday, May 1st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.33.
Shares of Endo International PLC (NASDAQ ENDP) opened at 12.08 on Thursday. Endo International PLC has a 52-week low of $9.70 and a 52-week high of $24.93. The company has a 50-day moving average of $11.75 and a 200 day moving average of $12.04. The firm’s market cap is $2.70 billion.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Oakbrook Investments LLC increased its position in shares of Endo International PLC by 8.2% in the second quarter. Oakbrook Investments LLC now owns 17,100 shares of the company’s stock valued at $191,000 after buying an additional 1,300 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Endo International PLC during the second quarter valued at $507,000. James Investment Research Inc. acquired a new position in shares of Endo International PLC during the second quarter valued at $113,000. Meeder Asset Management Inc. increased its position in shares of Endo International PLC by 1.4% in the second quarter. Meeder Asset Management Inc. now owns 48,699 shares of the company’s stock valued at $544,000 after buying an additional 677 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of Endo International PLC by 3.1% in the second quarter. Capstone Asset Management Co. now owns 32,035 shares of the company’s stock valued at $358,000 after buying an additional 960 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.
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Endo International PLC Company Profile
Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.
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