Equities analysts predict that Abbott Laboratories (NYSE:ABT) will announce earnings per share of $0.65 for the current quarter, according to Zacks. Seven analysts have issued estimates for Abbott Laboratories’ earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.66. Abbott Laboratories reported earnings of $0.59 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The firm is expected to report its next earnings results on Wednesday, October 18th.

On average, analysts expect that Abbott Laboratories will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.52. For the next fiscal year, analysts expect that the firm will report earnings of $2.79 per share, with EPS estimates ranging from $2.75 to $2.85. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Abbott Laboratories.

Abbott Laboratories (NYSE:ABT) last issued its quarterly earnings results on Thursday, July 20th. The healthcare product maker reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Abbott Laboratories had a net margin of 4.96% and a return on equity of 14.43%. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the business posted $0.55 EPS. Abbott Laboratories’s quarterly revenue was up 24.5% compared to the same quarter last year.

ABT has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Abbott Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Stifel Nicolaus increased their price target on shares of Abbott Laboratories from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Abbott Laboratories in a research report on Friday, June 16th. BidaskClub upgraded shares of Abbott Laboratories from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, BTIG Research initiated coverage on shares of Abbott Laboratories in a research report on Wednesday, June 21st. They issued a “buy” rating and a $56.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Abbott Laboratories currently has a consensus rating of “Buy” and an average price target of $52.50.

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Shares of Abbott Laboratories (ABT) opened at 51.76 on Friday. The stock’s 50 day moving average is $50.01 and its 200 day moving average is $46.93. Abbott Laboratories has a 52 week low of $37.38 and a 52 week high of $52.60. The stock has a market cap of $89.93 billion, a price-to-earnings ratio of 72.49 and a beta of 1.06.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 13th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.05%. Abbott Laboratories’s dividend payout ratio (DPR) is presently 149.30%.

In other news, insider Stephen R. Fussell sold 196,550 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $49.50, for a total value of $9,729,225.00. Following the completion of the sale, the insider now directly owns 221,488 shares of the company’s stock, valued at $10,963,656. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sharon J. Bracken sold 2,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $49.16, for a total transaction of $98,320.00. Following the completion of the sale, the insider now directly owns 28,806 shares of the company’s stock, valued at $1,416,102.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 218,150 shares of company stock valued at $10,811,179. Corporate insiders own 0.76% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ABT. Capital Research Global Investors grew its stake in Abbott Laboratories by 45.7% during the second quarter. Capital Research Global Investors now owns 47,589,663 shares of the healthcare product maker’s stock valued at $2,313,334,000 after acquiring an additional 14,918,038 shares in the last quarter. State Street Corp grew its stake in Abbott Laboratories by 18.9% during the first quarter. State Street Corp now owns 80,499,469 shares of the healthcare product maker’s stock valued at $3,574,987,000 after acquiring an additional 12,806,535 shares in the last quarter. Boston Partners grew its stake in Abbott Laboratories by 5,663.7% during the first quarter. Boston Partners now owns 8,212,035 shares of the healthcare product maker’s stock valued at $364,696,000 after acquiring an additional 8,069,557 shares in the last quarter. Janus Henderson Group PLC grew its stake in Abbott Laboratories by 3,373.9% during the second quarter. Janus Henderson Group PLC now owns 7,874,473 shares of the healthcare product maker’s stock valued at $382,779,000 after acquiring an additional 7,647,798 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Abbott Laboratories by 11.0% during the first quarter. Bank of New York Mellon Corp now owns 33,796,869 shares of the healthcare product maker’s stock valued at $1,500,920,000 after acquiring an additional 3,344,508 shares in the last quarter. 71.66% of the stock is owned by institutional investors.

Abbott Laboratories Company Profile

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Its Established Pharmaceutical Products include a range of branded generic pharmaceuticals manufactured around the world and marketed and sold outside the United States.

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Earnings History and Estimates for Abbott Laboratories (NYSE:ABT)

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