Equities analysts expect Baxter International Inc. (NYSE:BAX) to announce earnings of $0.59 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Baxter International’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.57. Baxter International posted earnings of $0.57 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Baxter International will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.45. For the next fiscal year, analysts forecast that the business will report earnings of $2.70 per share, with EPS estimates ranging from $2.62 to $2.85. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Baxter International.

Baxter International (NYSE:BAX) last announced its earnings results on Wednesday, October 25th. The medical instruments supplier reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Baxter International had a return on equity of 15.00% and a net margin of 9.88%. Baxter International’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share.

BAX has been the topic of a number of research analyst reports. Cantor Fitzgerald set a $70.00 price target on Baxter International and gave the company a “buy” rating in a report on Wednesday, July 26th. UBS AG upped their price target on Baxter International from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $60.00 price target on shares of Baxter International in a research note on Friday, September 1st. Citigroup Inc. assumed coverage on Baxter International in a research note on Thursday, August 17th. They set a “neutral” rating and a $63.00 price target for the company. Finally, Zacks Investment Research upgraded Baxter International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $67.00.

In other news, Director Thomas T. Stallkamp sold 8,920 shares of Baxter International stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $62.28, for a total value of $555,537.60. Following the completion of the sale, the director now directly owns 16,263 shares in the company, valued at $1,012,859.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Third Point Llc sold 5,000,000 shares of Baxter International stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $64.23, for a total transaction of $321,150,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,035,050 shares of company stock valued at $323,308,587. 0.05% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Colony Group LLC bought a new stake in shares of Baxter International during the third quarter worth $6,966,000. Neuberger Berman Group LLC grew its stake in shares of Baxter International by 5.2% in the third quarter. Neuberger Berman Group LLC now owns 55,935 shares of the medical instruments supplier’s stock worth $3,510,000 after purchasing an additional 2,755 shares during the last quarter. Piedmont Investment Advisors LLC grew its stake in shares of Baxter International by 1.4% in the third quarter. Piedmont Investment Advisors LLC now owns 187,015 shares of the medical instruments supplier’s stock worth $11,735,000 after purchasing an additional 2,524 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Baxter International by 3.4% in the third quarter. California Public Employees Retirement System now owns 1,450,242 shares of the medical instruments supplier’s stock worth $91,003,000 after purchasing an additional 47,076 shares during the last quarter. Finally, Kalos Management Inc. bought a new stake in shares of Baxter International in the third quarter worth $566,000. 82.85% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Baxter International (NYSE BAX) traded up $0.05 during mid-day trading on Wednesday, hitting $64.46. The stock had a trading volume of 2,304,800 shares, compared to its average volume of 2,675,944. Baxter International has a twelve month low of $43.13 and a twelve month high of $65.70. The company has a quick ratio of 2.22, a current ratio of 2.80 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $35,092.62, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 0.99%. Baxter International’s dividend payout ratio (DPR) is presently 34.41%.

Baxter International Company Profile

Baxter International Inc, through its subsidiaries, provides renal and hospital products. The Company operates through two segments: Hospital Products and Renal. Its Hospital Products business manufactures sterile intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics and biosurgery products.

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Earnings History and Estimates for Baxter International (NYSE:BAX)

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