$2.37 EPS Expected for Becton, Dickinson and Company (BDX) This Quarter
Equities analysts expect that Becton, Dickinson and Company (NYSE:BDX) will post earnings per share of $2.37 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Becton, Dickinson and’s earnings, with estimates ranging from $2.36 to $2.40. Becton, Dickinson and reported earnings of $2.12 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Becton, Dickinson and will report full year earnings of $9.46 per share for the current financial year, with EPS estimates ranging from $9.44 to $9.47. For the next year, analysts anticipate that the business will post earnings of $10.48 per share, with EPS estimates ranging from $10.34 to $10.85. Zacks’ EPS calculations are an average based on a survey of research firms that cover Becton, Dickinson and.
Becton, Dickinson and (NYSE:BDX) last announced its quarterly earnings results on Thursday, August 3rd. The medical instruments supplier reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.02. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.06 billion. Becton, Dickinson and had a return on equity of 22.53% and a net margin of 6.25%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 earnings per share.
Several research analysts recently commented on BDX shares. Raymond James Financial, Inc. raised shares of Becton, Dickinson and from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from $210.00 to $180.00 in a report on Friday, June 30th. Bank of America Corporation reaffirmed a “buy” rating and set a $225.00 price objective (up from $200.00) on shares of Becton, Dickinson and in a report on Friday, July 21st. Zacks Investment Research raised shares of Becton, Dickinson and from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a report on Monday, July 17th. BidaskClub raised shares of Becton, Dickinson and from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $230.00 target price (up previously from $200.00) on shares of Becton, Dickinson and in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $195.79.
In other news, EVP Ribo Alberto Mas sold 7,463 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $201.41, for a total value of $1,503,122.83. Following the sale, the executive vice president now directly owns 29,323 shares in the company, valued at approximately $5,905,945.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nabil Shabshab sold 6,149 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $201.76, for a total transaction of $1,240,622.24. Following the completion of the sale, the insider now owns 15,648 shares in the company, valued at $3,157,140.48. The disclosure for this sale can be found here. Insiders have sold a total of 48,605 shares of company stock worth $9,718,986 in the last three months. Insiders own 1.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BDX. Intl Fcstone Inc. acquired a new stake in Becton, Dickinson and in the 2nd quarter worth approximately $1,846,000. WFG Advisors LP lifted its stake in Becton, Dickinson and by 0.9% during the 2nd quarter. WFG Advisors LP now owns 5,376 shares of the medical instruments supplier’s stock valued at $1,049,000 after acquiring an additional 48 shares during the period. Toronto Dominion Bank lifted its stake in Becton, Dickinson and by 27.1% during the 2nd quarter. Toronto Dominion Bank now owns 88,628 shares of the medical instruments supplier’s stock valued at $17,292,000 after acquiring an additional 18,908 shares during the period. Cetera Investment Advisers acquired a new stake in Becton, Dickinson and during the 2nd quarter valued at approximately $1,897,000. Finally, Advisory Services Network LLC lifted its stake in Becton, Dickinson and by 13.8% during the 2nd quarter. Advisory Services Network LLC now owns 14,141 shares of the medical instruments supplier’s stock valued at $2,759,000 after acquiring an additional 1,711 shares during the period. Institutional investors and hedge funds own 87.42% of the company’s stock.
Shares of Becton, Dickinson and (NYSE:BDX) opened at 199.57 on Friday. Becton, Dickinson and has a 52 week low of $161.29 and a 52 week high of $206.63. The company has a 50 day moving average price of $200.11 and a 200 day moving average price of $190.65. The company has a market capitalization of $45.41 billion, a PE ratio of 57.80 and a beta of 1.06.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, September 7th. Becton, Dickinson and’s dividend payout ratio is presently 83.43%.
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About Becton, Dickinson and
Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products. The Company operates through two segments: BD Medical and BD Life Sciences. The BD Medical segment produces an array of medical technologies and devices that are used to help improve healthcare delivery in a range of settings.
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