FY2017 Earnings Forecast for Quintiles Transitional Holdings Inc. (Q) Issued By SunTrust Banks
Quintiles Transitional Holdings Inc. (NYSE:Q) – Stock analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for shares of Quintiles Transitional Holdings in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst S. Draper now forecasts that the medical research company will earn $4.60 per share for the year, up from their previous forecast of $4.55. SunTrust Banks has a “Hold” rating and a $114.00 price target on the stock. SunTrust Banks also issued estimates for Quintiles Transitional Holdings’ FY2018 earnings at $5.48 EPS and FY2019 earnings at $6.48 EPS.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research report on Thursday, July 27th. Barclays PLC set a $100.00 price objective on Quintiles Transitional Holdings and gave the stock a “buy” rating in a research report on Friday, August 4th. BidaskClub cut Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Argus upped their price target on Quintiles Transitional Holdings from $98.00 to $104.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 price target on shares of Quintiles Transitional Holdings in a research report on Sunday, September 24th. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Quintiles Transitional Holdings presently has an average rating of “Buy” and a consensus price target of $102.33.
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Quintiles Transitional Holdings (NYSE:Q) opened at $108.02 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 1.23. Quintiles Transitional Holdings has a 1 year low of $71.90 and a 1 year high of $109.00. The firm has a market capitalization of $22,826.14, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.79 and a beta of 0.65.
Quintiles Transitional Holdings (NYSE:Q) last posted its quarterly earnings data on Thursday, October 26th. The medical research company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Quintiles Transitional Holdings had a return on equity of 12.60% and a net margin of 0.58%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’s revenue was up 77.6% on a year-over-year basis.
In related news, insider Kevin C. Knightly sold 19,339 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the sale, the insider now directly owns 40,650 shares in the company, valued at approximately $4,045,081.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cpp Investment Board Private H sold 6,748,026 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $94.87, for a total value of $640,185,226.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,162,302 shares of company stock worth $1,359,495,910. 6.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fiduciary Trust Co. bought a new position in Quintiles Transitional Holdings in the 2nd quarter worth about $105,000. GWM Advisors LLC bought a new position in Quintiles Transitional Holdings in the 2nd quarter worth about $122,000. Korea Investment CORP increased its stake in Quintiles Transitional Holdings by 142.5% in the 2nd quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock worth $123,000 after acquiring an additional 805 shares during the last quarter. Citigroup Inc. increased its stake in Quintiles Transitional Holdings by 15.5% in the 2nd quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock worth $167,000 after acquiring an additional 250 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in Quintiles Transitional Holdings by 4.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock worth $197,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.
Quintiles Transitional Holdings Company Profile
Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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