FY2017 EPS Estimates for Quintiles Transitional Holdings Inc. (NYSE:Q) Increased by Analyst
Quintiles Transitional Holdings Inc. (NYSE:Q) – Research analysts at William Blair upped their FY2017 earnings per share (EPS) estimates for Quintiles Transitional Holdings in a research report issued on Thursday. William Blair analyst J. Kreger now forecasts that the medical research company will post earnings per share of $4.57 for the year, up from their previous forecast of $4.52. William Blair currently has a “Outperform” rating and a $93.42 price target on the stock. William Blair also issued estimates for Quintiles Transitional Holdings’ Q4 2017 earnings at $1.34 EPS, FY2018 earnings at $5.31 EPS and FY2019 earnings at $6.03 EPS.
A number of other research analysts also recently weighed in on Q. Barclays PLC reaffirmed an “overweight” rating and set a $98.00 price target (up from $90.00) on shares of Quintiles Transitional Holdings in a research note on Monday, July 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $94.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday. Citigroup Inc. reaffirmed a “neutral” rating and set a $96.00 price target (up from $87.00) on shares of Quintiles Transitional Holdings in a research note on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday. Finally, Zacks Investment Research downgraded Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $89.88.
ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Quintiles Transitional Holdings Inc. (NYSE:Q) Increased by Analyst” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/07/fy2017-eps-estimates-for-quintiles-transitional-holdings-inc-nyseq-increased-by-analyst.html. Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.96 billion. Quintiles Transitional Holdings had a return on equity of 15.68% and a net margin of 0.82%. Quintiles Transitional Holdings’s revenue was up 68.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share.
A number of institutional investors have recently made changes to their positions in Q. Global X Management Co. LLC raised its position in shares of Quintiles Transitional Holdings by 30.8% in the first quarter. Global X Management Co. LLC now owns 1,469 shares of the medical research company’s stock valued at $118,000 after buying an additional 346 shares during the period. Korea Investment CORP raised its position in Quintiles Transitional Holdings by 142.5% in the second quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock worth $123,000 after buying an additional 805 shares during the last quarter. IFP Advisors Inc raised its position in Quintiles Transitional Holdings by 187.1% in the first quarter. IFP Advisors Inc now owns 1,774 shares of the medical research company’s stock worth $143,000 after buying an additional 1,156 shares during the last quarter. Archford Capital Strategies LLC bought a new position in Quintiles Transitional Holdings during the first quarter worth approximately $160,000. Finally, Bbva Compass Bancshares Inc. bought a new position in Quintiles Transitional Holdings during the first quarter worth approximately $170,000. 91.83% of the stock is owned by institutional investors and hedge funds.
In other Quintiles Transitional Holdings news, Director John G. Danhakl sold 761,143 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $84.01, for a total transaction of $63,943,623.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack M. Greenberg sold 6,092 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $82.50, for a total value of $502,590.00. Following the transaction, the director now directly owns 2,930 shares of the company’s stock, valued at $241,725. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,758,400 shares of company stock valued at $735,783,985. 6.40% of the stock is owned by corporate insiders.
Quintiles Transitional Holdings declared that its board has approved a share buyback program on Wednesday, May 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the medical research company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
About Quintiles Transitional Holdings
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.
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