Zacks: Brokerages Anticipate Eli Lilly and Company (LLY) to Announce $1.07 EPS
Analysts predict that Eli Lilly and Company (NYSE:LLY) will report earnings of $1.07 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Eli Lilly and’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.03. Eli Lilly and reported earnings of $0.95 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The firm is expected to announce its next earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Eli Lilly and will report full-year earnings of $4.20 per share for the current financial year, with EPS estimates ranging from $4.14 to $4.25. For the next financial year, analysts forecast that the company will report earnings of $4.64 per share, with EPS estimates ranging from $4.50 to $4.84. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Eli Lilly and.
Eli Lilly and (NYSE:LLY) last posted its earnings results on Tuesday, October 24th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Eli Lilly and had a return on equity of 30.27% and a net margin of 9.90%. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the company earned $0.88 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis.
Shares of Eli Lilly and (NYSE LLY) traded up $0.24 during mid-day trading on Tuesday, hitting $85.05. The stock had a trading volume of 2,659,440 shares, compared to its average volume of 3,673,559. Eli Lilly and has a one year low of $65.66 and a one year high of $89.09. The firm has a market capitalization of $92,525.02, a price-to-earnings ratio of 20.55, a PEG ratio of 1.86 and a beta of 0.34. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, November 14th. Eli Lilly and’s payout ratio is presently 98.58%.
In other news, major shareholder Lilly Endowment Inc sold 180,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $81.06, for a total transaction of $14,590,800.00. Following the sale, the insider now owns 123,865,804 shares in the company, valued at $10,040,562,072.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alfonso G. Zulueta sold 2,003 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.67, for a total value of $167,591.01. Following the sale, the senior vice president now owns 43,580 shares in the company, valued at approximately $3,646,338.60. The disclosure for this sale can be found here. Insiders have sold 772,003 shares of company stock worth $64,837,441 in the last 90 days. Company insiders own 0.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its stake in Eli Lilly and by 0.8% in the first quarter. IFM Investors Pty Ltd now owns 12,722 shares of the company’s stock valued at $1,070,000 after buying an additional 95 shares during the period. Neuberger Berman Group LLC raised its position in shares of Eli Lilly and by 15.2% during the first quarter. Neuberger Berman Group LLC now owns 2,368,858 shares of the company’s stock worth $199,245,000 after purchasing an additional 311,724 shares during the period. Mastrapasqua Asset Management Inc. raised its position in shares of Eli Lilly and by 29.3% during the first quarter. Mastrapasqua Asset Management Inc. now owns 9,210 shares of the company’s stock worth $775,000 after purchasing an additional 2,085 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Eli Lilly and by 0.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 57,033 shares of the company’s stock worth $4,797,000 after purchasing an additional 300 shares during the period. Finally, AE Wealth Management LLC raised its position in shares of Eli Lilly and by 8.5% during the first quarter. AE Wealth Management LLC now owns 12,651 shares of the company’s stock worth $1,064,000 after purchasing an additional 991 shares during the period. Institutional investors own 76.45% of the company’s stock.
Eli Lilly and Company Profile
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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