Wall Street analysts predict that Lannett Co Inc (NYSE:LCI) will post earnings per share (EPS) of $0.52 for the current quarter, according to Zacks. Four analysts have issued estimates for Lannett Co’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.52. Lannett Co reported earnings of $0.77 per share in the same quarter last year, which would indicate a negative year over year growth rate of 32.5%. The company is scheduled to announce its next earnings results on Thursday, November 2nd.

On average, analysts expect that Lannett Co will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.71. For the next fiscal year, analysts expect that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.50 to $3.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Lannett Co.

Lannett Co (NYSE:LCI) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. Lannett Co had a positive return on equity of 19.80% and a negative net margin of 0.09%. The company had revenue of $139.10 million during the quarter, compared to the consensus estimate of $139.01 million. During the same quarter last year, the company earned $0.73 EPS. The company’s quarterly revenue was down 17.6% on a year-over-year basis.

Several equities analysts have recently commented on LCI shares. Zacks Investment Research raised Lannett Co from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine downgraded Lannett Co from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded Lannett Co from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $20.00 target price (down previously from $26.00) on shares of Lannett Co in a research report on Thursday, August 24th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $23.00 target price (up previously from $22.00) on shares of Lannett Co in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Lannett Co has a consensus rating of “Hold” and an average target price of $21.80.

Several hedge funds have recently modified their holdings of LCI. BlackRock Inc. boosted its stake in shares of Lannett Co by 52,610.9% in the first quarter. BlackRock Inc. now owns 3,903,766 shares of the company’s stock valued at $87,250,000 after buying an additional 3,896,360 shares during the period. Morgan Stanley boosted its stake in shares of Lannett Co by 592.6% in the first quarter. Morgan Stanley now owns 1,339,367 shares of the company’s stock valued at $29,935,000 after buying an additional 1,145,987 shares during the period. Vanguard Group Inc. boosted its stake in shares of Lannett Co by 6.2% in the second quarter. Vanguard Group Inc. now owns 2,901,885 shares of the company’s stock valued at $59,198,000 after buying an additional 168,454 shares during the period. Prudential Financial Inc. boosted its stake in shares of Lannett Co by 217.0% in the first quarter. Prudential Financial Inc. now owns 167,801 shares of the company’s stock valued at $3,750,000 after buying an additional 114,863 shares during the period. Finally, Heartland Advisors Inc. boosted its stake in shares of Lannett Co by 20.0% in the second quarter. Heartland Advisors Inc. now owns 600,000 shares of the company’s stock valued at $12,240,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/11/lannett-co-inc-lci-expected-to-post-earnings-of-0-52-per-share.html.

Shares of Lannett Co (NYSE LCI) traded up 0.24% during mid-day trading on Wednesday, hitting $21.10. The company’s stock had a trading volume of 780,147 shares. The company has a 50-day moving average of $18.00 and a 200 day moving average of $20.18. Lannett Co has a 1-year low of $14.90 and a 1-year high of $27.90. The company’s market cap is $786.69 million.

Lannett Co Company Profile

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company manufactures and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

Get a free copy of the Zacks research report on Lannett Co (LCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lannett Co (NYSE:LCI)

Receive News & Ratings for Lannett Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lannett Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.