FY2017 EPS Estimates for Eli Lilly and Company (LLY) Cut by Analyst
Eli Lilly and Company (NYSE:LLY) – Stock analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Eli Lilly and in a report released on Wednesday. Jefferies Group analyst J. Holford now forecasts that the company will post earnings per share of $4.14 for the year, down from their previous forecast of $4.19. Jefferies Group has a “Buy” rating and a $89.00 price target on the stock. Jefferies Group also issued estimates for Eli Lilly and’s FY2020 earnings at $5.83 EPS and FY2021 earnings at $6.77 EPS.
Several other equities research analysts have also issued reports on the stock. BMO Capital Markets reissued an “underperform” rating and issued a $71.00 price target (down previously from $73.00) on shares of Eli Lilly and in a report on Wednesday, September 6th. Piper Jaffray Companies reissued an “overweight” rating and issued a $105.00 price target (up previously from $103.00) on shares of Eli Lilly and in a report on Friday, September 8th. Zacks Investment Research raised shares of Eli Lilly and from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, July 17th. Morgan Stanley reissued a “hold” rating and issued a $86.00 price target on shares of Eli Lilly and in a report on Friday, September 15th. Finally, Credit Suisse Group lowered shares of Eli Lilly and from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $84.23 to $88.00 in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.97.
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Eli Lilly and (NYSE:LLY) traded up 0.59% on Friday, hitting $86.87. 306,288 shares of the stock were exchanged. The company’s 50 day moving average is $84.21 and its 200 day moving average is $82.27. Eli Lilly and has a 1-year low of $64.18 and a 1-year high of $89.09. The stock has a market cap of $91.65 billion, a PE ratio of 37.59 and a beta of 0.34.
Eli Lilly and (NYSE:LLY) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.06. Eli Lilly and had a net margin of 11.12% and a return on equity of 28.71%. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
Large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its holdings in Eli Lilly and by 16.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,399 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Eli Lilly and during the 2nd quarter worth about $128,000. San Francisco Sentry Investment Group CA bought a new stake in Eli Lilly and during the 2nd quarter worth about $129,000. Heritage Trust Co bought a new stake in Eli Lilly and during the 1st quarter worth about $135,000. Finally, Point72 Asia Hong Kong Ltd raised its holdings in Eli Lilly and by 237.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,761 shares of the company’s stock worth $148,000 after purchasing an additional 1,239 shares during the last quarter. 75.53% of the stock is owned by hedge funds and other institutional investors.
In other Eli Lilly and news, major shareholder Lilly Endowment Inc sold 180,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $81.06, for a total transaction of $14,590,800.00. Following the completion of the sale, the insider now directly owns 123,865,804 shares of the company’s stock, valued at approximately $10,040,562,072.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 990,000 shares of company stock valued at $82,949,650 over the last three months. Company insiders own 0.20% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.08 annualized dividend and a yield of 2.41%. Eli Lilly and’s dividend payout ratio is currently 90.04%.
About Eli Lilly and
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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