GlaxoSmithKline PLC (NYSE:GSK) – Analysts at Leerink Swann lowered their FY2017 earnings per share estimates for GlaxoSmithKline PLC in a research report issued to clients and investors on Monday. Leerink Swann analyst S. Fernandez now expects that the pharmaceutical company will earn $2.84 per share for the year, down from their prior estimate of $2.85.

GlaxoSmithKline PLC (NYSE:GSK) last issued its quarterly earnings data on Wednesday, July 26th. The pharmaceutical company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. GlaxoSmithKline PLC had a return on equity of 114.93% and a net margin of 6.48%. The company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.52 billion.

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Several other equities analysts also recently issued reports on the company. J P Morgan Chase & Co reissued a “neutral” rating on shares of GlaxoSmithKline PLC in a research report on Tuesday. Zacks Investment Research raised GlaxoSmithKline PLC from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, October 18th. Morgan Stanley downgraded GlaxoSmithKline PLC from an “equal weight” rating to an “underweight” rating in a research report on Friday, September 8th. Argus reaffirmed a “buy” rating and set a $50.00 price target on shares of GlaxoSmithKline PLC in a research report on Thursday, August 31st. Finally, BidaskClub raised GlaxoSmithKline PLC from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. GlaxoSmithKline PLC presently has a consensus rating of “Hold” and an average target price of $44.33.

Shares of GlaxoSmithKline PLC (NYSE GSK) opened at 40.62 on Tuesday. GlaxoSmithKline PLC has a one year low of $37.20 and a one year high of $44.53. The company has a market cap of $99.28 billion, a price-to-earnings ratio of 39.36 and a beta of 1.03. The company has a 50 day moving average price of $40.52 and a 200 day moving average price of $41.52.

A number of institutional investors have recently modified their holdings of GSK. Renaissance Technologies LLC lifted its stake in GlaxoSmithKline PLC by 112.1% in the 2nd quarter. Renaissance Technologies LLC now owns 9,338,000 shares of the pharmaceutical company’s stock valued at $402,655,000 after buying an additional 4,935,900 shares in the last quarter. FMR LLC lifted its stake in GlaxoSmithKline PLC by 5.9% in the 2nd quarter. FMR LLC now owns 25,024,276 shares of the pharmaceutical company’s stock valued at $1,079,047,000 after buying an additional 1,389,238 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in GlaxoSmithKline PLC by 87,023.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 1,373,066 shares of the pharmaceutical company’s stock valued at $57,884,000 after buying an additional 1,371,490 shares in the last quarter. Bank of America Corp DE lifted its stake in GlaxoSmithKline PLC by 15.8% in the 1st quarter. Bank of America Corp DE now owns 6,849,632 shares of the pharmaceutical company’s stock valued at $288,780,000 after buying an additional 934,928 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its stake in GlaxoSmithKline PLC by 22.7% in the 2nd quarter. Federated Investors Inc. PA now owns 4,511,155 shares of the pharmaceutical company’s stock valued at $194,521,000 after buying an additional 833,501 shares in the last quarter. 9.31% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, August 11th were paid a $0.491 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This is a positive change from GlaxoSmithKline PLC’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 4.84%. GlaxoSmithKline PLC’s dividend payout ratio (DPR) is currently 198.00%.

GlaxoSmithKline PLC Company Profile

GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.

Earnings History and Estimates for GlaxoSmithKline PLC (NYSE:GSK)

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