Leerink Swann Weighs in on Merck & Company, Inc.’s Q3 2017 Earnings (MRK)
Merck & Company, Inc. (NYSE:MRK) – Investment analysts at Leerink Swann raised their Q3 2017 EPS estimates for Merck & in a report issued on Monday. Leerink Swann analyst S. Fernandez now anticipates that the company will post earnings of $1.03 per share for the quarter, up from their previous forecast of $0.99. Leerink Swann has a “Market Perform” rating and a $70.00 price target on the stock. Leerink Swann also issued estimates for Merck &’s FY2018 earnings at $3.99 EPS and FY2019 earnings at $4.23 EPS.
Several other equities research analysts have also commented on the stock. Jefferies Group LLC reaffirmed a “sell” rating and set a $52.00 price target on shares of Merck & in a research report on Sunday, August 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price target on shares of Merck & in a research report on Friday, September 8th. Credit Suisse Group reduced their price target on shares of Merck & from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. BidaskClub lowered shares of Merck & from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $70.00 price target on shares of Merck & in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $70.67.
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Merck & (MRK) opened at 63.11 on Wednesday. Merck & has a 12 month low of $58.29 and a 12 month high of $66.80. The firm’s 50-day moving average is $64.51 and its 200-day moving average is $63.71. The company has a market cap of $172.12 billion, a price-to-earnings ratio of 34.17 and a beta of 0.80.
Merck & (NYSE:MRK) last issued its earnings results on Friday, July 28th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.14. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.75 billion. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share.
A number of hedge funds have recently bought and sold shares of the business. Davis R M Inc. boosted its stake in Merck & by 4.3% in the 3rd quarter. Davis R M Inc. now owns 266,011 shares of the company’s stock worth $17,033,000 after purchasing an additional 10,903 shares during the period. TIAA FSB boosted its stake in Merck & by 4.8% in the 3rd quarter. TIAA FSB now owns 295,447 shares of the company’s stock worth $18,917,000 after purchasing an additional 13,406 shares during the period. First Trust Advisors LP boosted its stake in Merck & by 16.7% in the 3rd quarter. First Trust Advisors LP now owns 394,341 shares of the company’s stock worth $25,250,000 after purchasing an additional 56,289 shares during the period. OLD Point Trust & Financial Services N A boosted its stake in Merck & by 10.8% in the 3rd quarter. OLD Point Trust & Financial Services N A now owns 34,349 shares of the company’s stock worth $2,199,000 after purchasing an additional 3,350 shares during the period. Finally, Sky Investment Group LLC boosted its stake in Merck & by 2.0% in the 3rd quarter. Sky Investment Group LLC now owns 66,840 shares of the company’s stock worth $4,280,000 after purchasing an additional 1,285 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.
Merck & Company Profile
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.
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