Zacks: Brokerages Anticipate Astrazeneca PLC (AZN) to Post $0.46 Earnings Per Share
Equities research analysts predict that Astrazeneca PLC (NYSE:AZN) will announce earnings per share (EPS) of $0.46 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Astrazeneca PLC’s earnings, with estimates ranging from $0.38 to $0.53. Astrazeneca PLC posted earnings of $1.21 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 62%. The firm is expected to report its next earnings report on Thursday, February 1st.
On average, analysts expect that Astrazeneca PLC will report full year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.82 to $2.28. For the next year, analysts anticipate that the company will report earnings of $1.84 per share, with EPS estimates ranging from $1.67 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Astrazeneca PLC.
Astrazeneca PLC (NYSE:AZN) last announced its earnings results on Thursday, November 9th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.55. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6 billion. Astrazeneca PLC had a net margin of 15.90% and a return on equity of 34.02%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 earnings per share.
A number of brokerages have recently commented on AZN. BidaskClub downgraded shares of Astrazeneca PLC from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Liberum Capital downgraded shares of Astrazeneca PLC from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. BNP Paribas upgraded shares of Astrazeneca PLC from a “neutral” rating to an “outperform” rating in a report on Monday, September 25th. Pareto Securities upgraded shares of Astrazeneca PLC from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Morgan Stanley downgraded shares of Astrazeneca PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Astrazeneca PLC has a consensus rating of “Hold” and an average target price of $34.20.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC acquired a new stake in Astrazeneca PLC in the third quarter valued at $309,000. Wealthcare Advisory Partners LLC acquired a new stake in Astrazeneca PLC in the third quarter valued at $184,000. Sterling Capital Management LLC acquired a new stake in Astrazeneca PLC in the third quarter valued at $248,000. Parallel Advisors LLC raised its holdings in Astrazeneca PLC by 36.3% in the third quarter. Parallel Advisors LLC now owns 9,522 shares of the company’s stock valued at $313,000 after acquiring an additional 2,537 shares in the last quarter. Finally, Westport Asset Management Inc. raised its holdings in Astrazeneca PLC by 100.0% in the third quarter. Westport Asset Management Inc. now owns 10,000 shares of the company’s stock valued at $341,000 after acquiring an additional 5,000 shares in the last quarter. 14.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Astrazeneca PLC (AZN) traded down $0.06 on Monday, reaching $33.46. 2,467,600 shares of the company’s stock were exchanged, compared to its average volume of 4,805,815. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $83,090.00, a PE ratio of 7.99, a P/E/G ratio of 3.16 and a beta of 0.79. Astrazeneca PLC has a one year low of $25.55 and a one year high of $35.60.
Astrazeneca PLC Company Profile
AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.
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