Illumina, Inc. (NASDAQ:ILMN) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.73-3.78 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.65. The company issued revenue guidance of +13% to ~$2.71 billion, compared to the consensus revenue estimate of $2.68 billion.

Several analysts recently issued reports on the stock. Janney Montgomery Scott raised shares of Illumina from a sell rating to a neutral rating in a report on Monday. Deutsche Bank AG raised shares of Illumina from a hold rating to a buy rating and cut their price target for the company from $195.00 to $160.00 in a report on Monday. Canaccord Genuity reaffirmed a buy rating and issued a $230.00 price target (up from $215.00) on shares of Illumina in a report on Thursday, October 12th. Piper Jaffray Companies reaffirmed an overweight rating and issued a $226.00 price target (up from $202.00) on shares of Illumina in a report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $200.00 price target on shares of Illumina in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $189.71.

Shares of Illumina, Inc. (NASDAQ:ILMN) traded down 0.35% during trading on Tuesday, reaching $210.82. 1,696,899 shares of the company were exchanged. Illumina, Inc. has a 52-week low of $119.37 and a 52-week high of $214.50. The stock has a market capitalization of $30.78 billion, a P/E ratio of 42.30 and a beta of 0.76. The stock has a 50-day moving average of $205.87 and a 200 day moving average of $187.53.

Illumina (NASDAQ:ILMN) last released its quarterly earnings results on Tuesday, August 1st. The life sciences company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Illumina had a return on equity of 19.69% and a net margin of 30.27%. The business had revenue of $662.00 million during the quarter, compared to analysts’ expectations of $642.38 million. During the same period in the previous year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Illumina, Inc. will post $3.65 earnings per share for the current fiscal year.

In related news, SVP Oene Mark Van sold 9,729 shares of Illumina stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $211.33, for a total value of $2,056,029.57. Following the completion of the sale, the senior vice president now directly owns 24,908 shares in the company, valued at $5,263,807.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Charles Dadswell sold 145 shares of Illumina stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $205.71, for a total value of $29,827.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,766 shares of company stock valued at $36,411,334. Corporate insiders own 1.60% of the company’s stock.

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Illumina Company Profile

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 and Estimates for Illumina (NASDAQ:ILMN)

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