Becton, Dickinson and Company (BDX) Scheduled to Post Quarterly Earnings on Wednesday
Becton, Dickinson and Company (NYSE:BDX) will issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $2.37 per share for the quarter. Becton, Dickinson and has set its FY17 guidance at $9.42-9.47 EPS.
Becton, Dickinson and (NYSE:BDX) last announced its quarterly earnings results on Thursday, August 3rd. The medical instruments supplier reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.02. Becton, Dickinson and had a net margin of 6.25% and a return on equity of 22.53%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the business posted $2.35 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect Becton, Dickinson and to post $9.46 EPS for the current fiscal year and $10.45 EPS for the next fiscal year.
Shares of Becton, Dickinson and Company (NYSE:BDX) opened at 210.97 on Wednesday. The stock has a 50 day moving average of $198.97 and a 200-day moving average of $194.36. Becton, Dickinson and Company has a 52 week low of $161.29 and a 52 week high of $214.72. The company has a market capitalization of $48.01 billion, a price-to-earnings ratio of 61.10 and a beta of 1.05.
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A number of equities analysts have issued reports on the stock. Wells Fargo & Company reissued a “positive” rating and set a $235.00 price target (up from $225.00) on shares of Becton, Dickinson and in a research report on Tuesday. They noted that the move was a valuation call. BidaskClub lowered shares of Becton, Dickinson and from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reissued a “buy” rating and set a $213.00 price target on shares of Becton, Dickinson and in a research report on Tuesday, September 12th. Bank of America Corporation reissued a “buy” rating and set a $225.00 price target (up from $200.00) on shares of Becton, Dickinson and in a research report on Friday, July 21st. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Becton, Dickinson and in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $202.79.
In other news, insider Gary M. Cohen sold 15,512 shares of Becton, Dickinson and stock in a transaction on Monday, September 11th. The stock was sold at an average price of $203.77, for a total transaction of $3,160,880.24. Following the transaction, the insider now owns 95,781 shares in the company, valued at approximately $19,517,294.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas E. Polen, Jr. sold 5,971 shares of Becton, Dickinson and stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $197.41, for a total value of $1,178,735.11. Following the transaction, the insider now owns 12,861 shares in the company, valued at approximately $2,538,890.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,904 shares of company stock worth $15,242,688. Insiders own 1.40% of the company’s stock.
Becton, Dickinson and Company Profile
Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products. The Company operates through two segments: BD Medical and BD Life Sciences. The BD Medical segment produces an array of medical technologies and devices that are used to help improve healthcare delivery in a range of settings.
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