$10.45 Billion in Sales Expected for Merck & Company, Inc. (MRK) This Quarter
Analysts expect Merck & Company, Inc. (NYSE:MRK) to announce sales of $10.45 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Merck &’s earnings, with the highest sales estimate coming in at $10.52 billion and the lowest estimate coming in at $10.32 billion. Merck & posted sales of $10.54 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The company is expected to announce its next earnings results before the market opens on Friday, October 27th.
According to Zacks, analysts expect that Merck & will report full year sales of $10.45 billion for the current fiscal year, with estimates ranging from $40.12 billion to $40.52 billion. For the next fiscal year, analysts expect that the company will post sales of $41.29 billion per share, with estimates ranging from $40.60 billion to $41.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Merck &.
Merck & (NYSE:MRK) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.87 by $0.14. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.75 billion. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share.
Several equities analysts have issued reports on the stock. HSBC Holdings plc upgraded shares of Merck & from a “reduce” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of Merck & from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. UBS AG increased their price objective on shares of Merck & from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and issued a $74.00 price objective on shares of Merck & in a research note on Tuesday, June 6th. Finally, Zacks Investment Research cut shares of Merck & from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.00.
Merck & (NYSE:MRK) opened at 65.13 on Monday. The stock has a 50 day moving average of $63.52 and a 200 day moving average of $63.68. The stock has a market cap of $177.63 billion, a P/E ratio of 35.26 and a beta of 0.81. Merck & has a 1-year low of $58.29 and a 1-year high of $66.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, September 14th. Merck &’s dividend payout ratio (DPR) is currently 76.11%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Merck & by 133.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 144,247 shares of the company’s stock valued at $9,165,000 after purchasing an additional 82,454 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Merck & by 41.9% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 296,294 shares of the company’s stock valued at $19,028,000 after purchasing an additional 87,443 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Merck & in the first quarter valued at $15,126,000. Klingenstein Fields & Co. LLC grew its holdings in shares of Merck & by 5.4% in the first quarter. Klingenstein Fields & Co. LLC now owns 446,450 shares of the company’s stock valued at $28,368,000 after purchasing an additional 22,958 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in shares of Merck & by 18.0% in the second quarter. Bridges Investment Management Inc. now owns 46,436 shares of the company’s stock valued at $2,976,000 after purchasing an additional 7,070 shares in the last quarter. 72.91% of the stock is owned by institutional investors and hedge funds.
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Merck & Company Profile
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.
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