Lannett Co Inc (LCI) Expected to Post Earnings of $0.52 Per Share
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.
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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.
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