West Pharmaceutical Services, Inc. (WST) Set to Announce Quarterly Earnings on Wednesday
West Pharmaceutical Services, Inc. (NYSE:WST) will issue its quarterly earnings data before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. West Pharmaceutical Services has set its FY17 guidance at $2.66-2.73 EPS.
West Pharmaceutical Services (NYSE:WST) last released its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The business had revenue of $397.60 million for the quarter, compared to analyst estimates of $406.00 million. West Pharmaceutical Services had a return on equity of 14.02% and a net margin of 11.42%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts expect West Pharmaceutical Services to post $2.67 EPS for the current fiscal year and $2.91 EPS for the next fiscal year.
West Pharmaceutical Services, Inc. (NYSE:WST) opened at 93.00 on Wednesday. West Pharmaceutical Services, Inc. has a 1-year low of $70.17 and a 1-year high of $99.91. The stock has a 50 day moving average price of $92.70 and a 200 day moving average price of $91.36. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 39.91 and a beta of 1.11.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. This is an increase from West Pharmaceutical Services’s previous quarterly dividend of $0.13. West Pharmaceutical Services’s payout ratio is 22.22%.
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A number of research analysts have commented on WST shares. Jefferies Group LLC upgraded West Pharmaceutical Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $96.00 to $115.00 in a research note on Friday, September 15th. BidaskClub downgraded West Pharmaceutical Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded West Pharmaceutical Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation downgraded West Pharmaceutical Services from a “buy” rating to a “neutral” rating and set a $98.00 price target for the company. in a research note on Tuesday. Finally, Stephens started coverage on West Pharmaceutical Services in a research note on Tuesday, October 3rd. They set an “equal weight” rating and a $99.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $104.00.
About West Pharmaceutical Services
West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.
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