Illumina, Inc. (ILMN) Expected to Announce Earnings of $0.98 Per Share
Wall Street brokerages predict that Illumina, Inc. (NASDAQ:ILMN) will announce earnings of $0.98 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Illumina’s earnings. The lowest EPS estimate is $0.92 and the highest is $1.06. Illumina posted earnings per share of $0.97 during the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The business is scheduled to announce its next earnings report on Tuesday, November 7th.
On average, analysts expect that Illumina will report full-year earnings of $3.65 per share for the current fiscal year, with EPS estimates ranging from $3.62 to $3.70. For the next fiscal year, analysts forecast that the business will post earnings of $4.41 per share, with EPS estimates ranging from $4.15 to $4.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Illumina.
Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, August 1st. The life sciences company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The business had revenue of $662 million for the quarter, compared to the consensus estimate of $642.38 million. Illumina had a return on equity of 19.69% and a net margin of 30.27%. Illumina’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share.
A number of research firms recently weighed in on ILMN. Vetr upgraded shares of Illumina from a “buy” rating to a “strong-buy” rating and set a $197.84 target price on the stock in a report on Tuesday, June 27th. BidaskClub lowered shares of Illumina from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Illumina from a “buy” rating to a “hold” rating in a report on Friday, August 4th. J P Morgan Chase & Co restated an “overweight” rating and issued a $250.00 target price on shares of Illumina in a report on Wednesday, August 2nd. Finally, First Analysis upgraded shares of Illumina from an “underweight” rating to an “equal weight” rating and set a $176.00 target price on the stock in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. Illumina currently has an average rating of “Hold” and an average price target of $177.01.
In related news, Director Jay T. Flatley sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $170.77, for a total value of $2,561,550.00. Following the completion of the transaction, the director now directly owns 534,176 shares of the company’s stock, valued at approximately $91,221,235.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Charles Dadswell sold 145 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $174.24, for a total transaction of $25,264.80. Following the completion of the transaction, the senior vice president now directly owns 10,646 shares of the company’s stock, valued at $1,854,959.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,705 shares of company stock valued at $27,344,118. 1.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. boosted its holdings in Illumina by 0.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 3,088 shares of the life sciences company’s stock valued at $536,000 after purchasing an additional 12 shares during the period. Patten Group Inc. boosted its holdings in Illumina by 2.7% in the 1st quarter. Patten Group Inc. now owns 965 shares of the life sciences company’s stock valued at $166,000 after purchasing an additional 25 shares during the period. Puzo Michael J boosted its holdings in Illumina by 0.4% in the 2nd quarter. Puzo Michael J now owns 5,955 shares of the life sciences company’s stock valued at $1,032,000 after purchasing an additional 25 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in Illumina by 1.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,046 shares of the life sciences company’s stock valued at $345,000 after purchasing an additional 35 shares during the period. Finally, Eqis Capital Management Inc. boosted its holdings in Illumina by 0.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 6,914 shares of the life sciences company’s stock valued at $1,200,000 after purchasing an additional 38 shares during the period. 93.34% of the stock is owned by institutional investors.
Illumina (NASDAQ ILMN) traded up 1.34% during mid-day trading on Thursday, hitting $210.20. The company had a trading volume of 757,035 shares. The firm has a market capitalization of $30.69 billion, a PE ratio of 42.17 and a beta of 0.81. The company’s 50 day moving average price is $191.38 and its 200-day moving average price is $178.42. Illumina has a 12-month low of $119.37 and a 12-month high of $211.27.
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Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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