$5.33 Billion in Sales Expected for Teva Pharmaceutical Industries Limited (TEVA) This Quarter
Wall Street brokerages forecast that Teva Pharmaceutical Industries Limited (NYSE:TEVA) will post $5.33 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Teva Pharmaceutical Industries’ earnings, with estimates ranging from $5.26 billion to $5.40 billion. Teva Pharmaceutical Industries posted sales of $6.49 billion in the same quarter last year, which would indicate a negative year over year growth rate of 17.9%. The company is scheduled to report its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that Teva Pharmaceutical Industries will report full year sales of $5.33 billion for the current year, with estimates ranging from $22.19 billion to $22.99 billion. For the next year, analysts expect that the firm will report sales of $20.40 billion per share, with estimates ranging from $19.62 billion to $22.43 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Teva Pharmaceutical Industries.
Several brokerages have weighed in on TEVA. ValuEngine upgraded Teva Pharmaceutical Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada set a $11.00 price objective on Teva Pharmaceutical Industries and gave the company a “sell” rating in a research note on Wednesday, November 29th. Mizuho raised their price objective on Teva Pharmaceutical Industries from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 29th. BTIG Research set a $16.00 price objective on Teva Pharmaceutical Industries and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Cantor Fitzgerald set a $10.00 price objective on Teva Pharmaceutical Industries and gave the company a “hold” rating in a research note on Monday, November 27th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.65.
Shares of Teva Pharmaceutical Industries (NYSE:TEVA) traded up $1.05 during trading hours on Friday, reaching $16.05. The company’s stock had a trading volume of 22,508,018 shares, compared to its average volume of 15,675,085. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. Teva Pharmaceutical Industries has a fifty-two week low of $10.85 and a fifty-two week high of $38.31. The company has a market cap of $14,559.28, a PE ratio of 3.31 and a beta of 0.55.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, November 27th. Teva Pharmaceutical Industries’s dividend payout ratio is presently -12.10%.
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Teva Pharmaceutical Industries Company Profile
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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