Novartis AG (NVS) Set to Announce Earnings on Tuesday
Novartis AG (NYSE:NVS) will release its earnings data before the market opens on Tuesday, October 24th. Analysts expect Novartis AG to post earnings of $1.25 per share for the quarter.
Novartis AG (NYSE:NVS) last released its quarterly earnings data on Tuesday, July 18th. The company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.06. Novartis AG had a net margin of 13.52% and a return on equity of 15.51%. The firm had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $12.20 billion. During the same period in the previous year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts expect Novartis AG to post $4.76 EPS for the current fiscal year and $5.09 EPS for the next fiscal year.
Novartis AG (NYSE:NVS) opened at 86.37 on Tuesday. Novartis AG has a 52-week low of $66.93 and a 52-week high of $86.90. The company has a market capitalization of $202.36 billion, a PE ratio of 31.53 and a beta of 0.73. The firm’s 50-day moving average is $85.27 and its 200-day moving average is $81.90.
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A number of research analysts have issued reports on the company. BidaskClub downgraded Novartis AG from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Cowen and Company set a $90.00 price objective on Novartis AG and gave the company a “hold” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co restated a “neutral” rating on shares of Novartis AG in a research note on Tuesday, October 10th. Finally, Barclays PLC upgraded Novartis AG from an “underweight” rating to an “equal weight” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.13.
About Novartis AG
Novartis AG is a holding company, which provides healthcare solutions. The Company is engaged in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. The Company’s segments include Innovative Medicines, Sandoz, Alcon and Corporate activities.
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