Illumina, Inc. (NASDAQ:ILMN) issued its quarterly earnings data on Tuesday. The life sciences company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12, Bloomberg Earnings reports. The business had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $692.77 million. Illumina had a net margin of 30.27% and a return on equity of 19.69%. Illumina’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. Illumina updated its FY17 guidance to $3.73-3.78 EPS.

Illumina (NASDAQ:ILMN) traded down 0.35% during midday trading on Tuesday, hitting $210.82. 1,704,447 shares of the stock traded hands. Illumina has a 12-month low of $119.37 and a 12-month high of $214.50. The firm’s 50 day moving average is $206.01 and its 200-day moving average is $187.81. The stock has a market capitalization of $30.78 billion, a PE ratio of 42.30 and a beta of 0.76.

Several research firms recently commented on ILMN. Barclays PLC reiterated an “equal weight” rating and set a $150.00 target price on shares of Illumina in a research note on Wednesday, August 9th. Vetr upgraded shares of Illumina from a “hold” rating to a “buy” rating and set a $209.78 target price for the company in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Illumina from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and set a $200.00 target price on shares of Illumina in a research note on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $200.00 target price on shares of Illumina in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $189.71.

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In related news, SVP Oene Mark Van sold 1,250 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $207.21, for a total value of $259,012.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay T. Flatley sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $211.11, for a total value of $4,222,200.00. Following the completion of the transaction, the director now directly owns 539,176 shares of the company’s stock, valued at approximately $113,825,445.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,766 shares of company stock valued at $36,411,334. 1.60% of the stock is owned by insiders.

About Illumina

Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.

Earnings History for Illumina (NASDAQ:ILMN)

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